EIB backs Tirana's affordable housing project with 2 mln euro grant

The project concerns the construction of new buildings and ancillary infrastructure over an area of 86,600 sq m to host nearly 6,500 people and about 1,600 low and middle-income households, the EIB said in a press release on Monday.

The grant aims to strengthen the municipality’s capacities and develop the necessary documentation in line with EU standards and EIB climate and environmental targets.

The EIB is providing the grant through its Economic Resilience Initiative, aiming to mobilise finance to support growth, job creation, vital infrastructure projects and social cohesion in the Western Balkans.

($ = 1.01187 euro)