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Municipal infrastructure projects in Kosovo to receive European funds and support

 

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27 March 2015 – London, UK – The European Bank for Reconstruction and Development (EBRD) has announced an agreement with the City of Pristina, Kosovo to upgrade the municipal infrastructure in the capital city. A Memorandum of Understanding (MoU) was signed in London by EBRD’s Managing Director for Infrastructure, Thomas Maier, and the Mayor of Pristina, Shpend Ahmeti, today.

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Photo: EBRD Managing Director for Infrastructure, Thomas Maier, and the Mayor of Pristina, Shpend Ahmeti, at the signing ceremony

The MoU identifies thematic areas of cooperation such as urban transport, water and wastewater services, solid waste management, street lights. Another focus is energy efficiency improvements for public buildings such as schools, hospitals and administrative buildings.

The first project, under this partnership, which will renew the City’s bus fleet, is already at an advanced stage of preparation.

“We’re pleased to expand our excellent cooperation with the authorities of Kosovo to the country’s capital to help upgrade its infrastructure. We have already identified important areas where the EBRD’s expertise can contribute to the efficient implementation of municipal projects. Our projects will benefit all inhabitants of Pristina. This is at the core of what we do”, EBRD Managing Director, Infrastructure, Thomas Maier, said.

“We are pleased to work with the EBRD to increase the efficiency of municipal services and to upgrade our infrastructure. We believe that this will improve people’s lives and our partnership with the EBRD will have a positive impact on every citizen of Pristina,” Mayor Shpend Ahmeti added.

The EBRD began investing in Kosovo in 1999. To date, it has signed 39 projects in the country with a net cumulative business volume of more than €124 million. Kosovo became a member and country of operations of the EBRD in December 2012. For information about EBRD projects in Kosovo, go to http://www.ebrd.com/kosovo.html

The European Bank for Reconstruction and Development (EBRD) was established in 1991 to nurture the private sector in Central and Eastern Europe and ex-Soviet countries. The EBRD uses investment to help build market economies and democracies from central Europe to central Asia. The EBRD is the largest single investor in the region and mobilizes significant foreign direct investment beyond its own financing. Owned by 61 countries and two intergovernmental institutions, the EBRD provides project financing for banks, industries and businesses. For more information, visit http://www.ebrd.com/index.htm

This article based on a story by Viktorija Melohina

Source: EBRD