December 16 (SeeNews) - Albania said it signed a deal with German development bank KfW for a 12.5 million euro loan and two grants worth 8.8 million euro in total to finance a solid waste management project.
The project envisages the construction of a landfill with capacity of about 350,000 tonnes per year, Albania's finance ministry said in a statement on Thursday. The project includes the construction of a gas collection system, waste water management plant, recyclable waste separation plant with 60,000 tonnes capacity, and organic waste composting unit.
The project also envisages the closure of the existing landfills in Vlore and Selenice and the supply of machins and equipment for road cleaning, waste collection and transportation.
KfW's support is adapted to the various requirements and conditions in the respective partner country. The funding models include pure grants and loans from budget funds, but also loans that combine budget funds and KfW's own funds, the bank says on its website.