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Surprise investors on track to get new Albania airport PPP as favorite company withdraws

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7 mins read
7 years ago
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TIRANA, Dec. 24 – The race to make operational Albania’s second international airport has taken an unexpected U-turn after investors that initiated its re-activation have surprisingly withdrawn and a new company with alleged ties to them has emerged as the sole bidder and is on track to get a 35-year concession pending successful contract negotiations. The Kukes airport, a small north-eastern Albania airport that has been abandoned for a decade, was supposed to be reactivated by Kastrati Group, Albania’s second largest company with main operations in the oil trade industry, after a joint venture led by Kastrati was awarded a…

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Story Highlights

  • A local Albanian portal has described the withdrawal of the joint venture led by Kastrati as a scheme at a time when the debate over the so-called Albanian oligarchs is reaching a boiling point after an offshore tax haven with alleged links to one of the country's most powerful businessman recently had €30 million in Albanian public contracts cancelled over cheating Albanian authorities

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Prof. Dr. Alaa Garad is President and Founding Partner of the Stirling Centre for Strategic Learning and Innovation, University of Stirling Innovation Park, Scotland. He is actively engaged in health tourism, higher education and organisational learning across the Western Balkans, including the Global Health Tourism Leadership Programme in Albania.

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