Kosovo presents with about 40 projects at London summit

Kosovo presents with about 40 projects at London summit

39 concrete projects from the public and private sector will be presented by Kosovo at the Investment Summit for the Western Balkans, to be held Monday in London. The value of these projects amounts to the amount of 500m euros, and most belong to infrastructure, KTV reports. The biggest project will be [...]

The value of these projects amounts to the amount of 500m euros, and most belong to infrastructure, KTV reports.

The biggest project will be the capital's ring, whose cost is 63m euros.

While most private projects are for development of renewable energy.

But while 500 businesses from six countries in the region will participate with projects in summits, only 14 will be from Kosovo.

According to the chairman of the Economic Ode, Safet Gerjaliu, the small number of interested ones has been made out of distrust that the projects will be realised.

Along with these projects, in London the prime minister and the team will also present two national projects -- the one for the country's closure on the regional gas pipeline network -- as well as the connection of the Kosovo- Tirana- Durres railway network.

Currently, Kosovo is in external debt that amounts to the value of 1 billion euros, or 16% out of 40%, how currently the country is allowed to enter external debt.

The representation on this summit will be according to the Gimnih formula, or without symbols.

 

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