PRISTINA (Kosovo), May 23 (SeeNews) – The European Bank for Reconstruction and Development (EBRD) said on Thursday it is considering a 10 million euro ($11.2 million) loan to finance an extension of an existing industrial zone located in Kosovo’s municipality of Drenas.
The project's total cost is 11.8 million euro, the EBRD said in a press release.
The objective of the project it to enable industrial and manufacturing companies to expand their operations and become more competitive.
“The industrial zone will address some of the main constraints faced by companies to increase or make new investments in Kosovo: land ownership, expensive land purchase price and lack of infrastructure such as electricity, water and access to transport corridors,” the statement noted.
The project has passed concept review and has a target board date of July 24.
($ = 0.89603 euro)