DPA/ 1998-2020, Pivotal investments in port infrastructure February 7th, 2020
During the last two decades significant investments have been made in the Port of Durres, especially concerning the port infrastructure.
Subsequent to the 1998 PHARE Program grant which empowered Ferry Terminal Quay nr 9 Reconstruction Project, several substantial projects have been implemented in the country’s largest port which contributed its progress and modernization.
The last 20 years investments have been effectuated mainly via loan financial support from various important banks, such as the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the World Bank (WB).
The World Banks has assisted Durres Port Authority through loan support programs from 1999-2003 for the implementation of projects comprising: Quay nr 5 and 6 Rehabilitation, West Side Harbour Breakwater Wall Construction, Warehouse and Port Entrances Infrastructure Reconstruction.
The World Bank financial assistance amounts to a total of $ 13 million.
Since 2006, The European Investment Bank and the European Bank for Reconstruction and Development have financed a considerable credit, estimated at approximately 23.5m euros on the Ferry Terminal Construction as well as the Quay nr 7 and 8 Reconstruction Projects.
Sinchronously, the European Investment Bank also financed the completion of Quay Yard Areas Construction for Quays 1 to 7 as well as Quay 11. The total value of these projects amounts to € 16 million.
Currently in Durres Port is being implemented a substantial projects regarding the Harbour Basin and Entrance Channel Deepening Project. This is a pivotal investmet financed by the Durres Port Authority. The additional depth attained at the harbours basin will ensure Durres Port can handle the increasing number of large cargo-laden vessels carring over 20 tons af freigh and over 1.000 TEU.