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

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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international airport has taken an unexpected U-turn after investors that initiated its re-activation have surprisingly withdrawn and a new company with alleged ties to them has emerged as the sole bidder and is on track to get a 35-year concession pending successful contract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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