Albania sets additional fee: 2 and a half euros who cross the road from Milot

Albania sets additional fee: 2 and a half euros who cross the road from Milot

Thumane segment concession -Kashar plans to harvest the road crossing fee of 1 billion and 307m euros for 35 years. In the contract changed between the government and the Gener 2, construction of the 20.8km road will be made with the concession firm's money, while investment and company profiting will be realised [...]

Thumane segment concession -Kashar plans to harvest the road crossing fee of 1 billion and 307m euros for 35 years.

In the contract changed between the government and the Gener 2, construction of the 20.8km road will be made with the concession firm's money, while investment and company profiting will be realised by the deployment of a paid traffic train to be passed.

The transition fee for the 4-nation simple cars will be 2.5 euros, including the VAT.

This will be one of the highest rates in Europe, where drivers will pay 12 cents per mile, while the European average for highways is 7 cents/km.

The 4-lane highway will launch 150m inland of the existing route connecting Milot and Thumana, and then will continue directly to Fushesh-Kruje, from where with a double twist it will approach the Rinas airport and another trace of it will be linked to the Durres highway in the Kasar part.

The company vows that through a bank loan to finance road construction itself, which will cost 245m euros and maintain over 35 years.

The state budget takes over to ensure the flow of vehicles that will last for the first eight years of operation, and will not pay more than 22.8m euros for the entire period.

Construction will begin this year and is scheduled to be completed in 2024, a year in which the tariff application begins.

According to government studies, the initial cost of this axis was 169m euros, but in the unrecognized offer Gener 2 assets amounted to 245m euros, and after gaining the tender the value that the state budget would at the end of the contract amounted to 370m euros, including banking interest in the loan that would receive the concession.

In January 2019, Minister Belinda Balluk cancelled the contract, but in July last year the Administrative Court of Appeals ordered the ministry to forward the contract to the Council of Ministers for approval.

 

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