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Governo Italiano

Italy's Economic Diplomacy, 20 February: latest news from the world

Date:

02/20/2019


Italy's Economic Diplomacy, 20 February: latest news from the world

Kosovo: GCF wins a contract to upgrade the railway line

The Italian company GCF (Generale Costruzioni Ferroviarie) and the railway agency InfraKos signed a 78-million-euro contract to upgrade the Fushe Kosove - Hani i Elezit railway line.

The works, involving a 70-km-long section of the line connecting Pristina to the border with Macedonia, constitute the first of three upgrading and reconstruction phases of Kosovo’s section of the Orient/East-Med Rail Corridor 10, connecting Serbia to Bulgaria and Greece.

At the contract signing ceremony, Kosovo’s authorities announced that they soon intend to launch tenders for the subsequent two upgrading phases of the Kosovan portion of the railway line: the section from Fushe Kosove to Mitrovica and from Mitrovica and Lesak to the border with Serbia. The contract awarded to GCF is the largest contract signed up to now by an Italian company in Kosovo, in a sector such as transport which is likely to offer several opportunities in the upcoming years thanks to international financing of the Connectivity Agenda for the Balkans. Overall, the three development phases will involve a 150-km section, worth a total of 196 million euros, to be financed pro rata by the Kosovan Government but mostly by the European Investment Bank and the European Bank for Reconstruction and Development, in addition to the contribution by the European Commission.


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