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Taxpayer support for PPPs set to sharply increase under controversial €1 billion project

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9 years ago
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TIRANA, Oct. 30 – The cost of about a dozen public private partnerships the Albanian government has signed with private companies in the key health, waste-to-energy and customs sectors is expected to increase by a third in 2018 and is set to register sharp hikes in the next few years as the Albania proceeds with an ambitious but rather controversial €1 billion PPP project. In its 2018 budget report, the Albanian government expects taxpayer support to eight existing PPP contracts and three new concessions that become effective in 2018 to increase to 9.4 billion lek (€69.2 mln), up from about…

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Story Highlights

  • Albania has already awarded dozens of concession contracts whose current investment value is at €3.7 billion lek, about a third of the country’s GDP and is set to increase by another €1.15 billion in 2018 when some major road projects are initiated under the ambitious billion Euro PPP project The IMF expects the Albanian government’s commitments to PPPs to climb to €1 billion, around 7 percent of GDP by 2021, posing a threat to the Albanian government’s agenda of reducing public debt to 60 percent of the GDP by 2021

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