Adriatic-Ionian Corridor.
In Suzhou, China
Memorandum of Cooperation was signed between Albania, Montenegro and Chinese Private Company Pacific, for the possibility of building the Adriatic-Ionian Corridor.
For the Albanian side present was Minister of Transportation and Infrastructure Edmond Haxhinasto who signed the agreement, together with Montenegrin counterpart Ivan Brajovic and President of the Pacific, Yan Jiehe.
The agreement was signed in the presence of Albanian Prime Minister Edi Rama.
Minister Edmond Haxhinasto also signed another Memorandum of Cooperation with the President of the Company “Pacific”, known in the field of construction, the possibility of developing road segments Thumanë – Peza – Mullet and Peza – Dushk.
“The Blue Corridor” is considered as the biggest project that will link the Mediterranean, north of Croatia and its southern part with Montenegro, Albania and below with Greece, to create “The Mediterranean Ring”.
The construction of this highway was agreed in a meeting between the prime ministers of Albania, Edi Rama, Croatia, Zoran Milanovic, Montenegro, Milo Djukanovic and Bosnia, Vjekoslav Bevanda. This meeting was held in Croatia a few months ago and came after the Berlin Conference on West Balkan.
The agreement of the Albanian and Montenegro of the Blue Highway was reached in April 2015 in Brussels at the meeting of prime ministers of Montenegro and Albania, Milo Djukanovic and Edi Rama. “This is a project for the future of the entire region”, praised, the heads of governments of the two countries.
Albanian side wants highway crossing between Albania and Montenegro right next to the city of Ulcinj which will have tremendous effects of the development and economy of Ulcinj.
As announced, Djukanovic and Rama talked about joint projects in tourism, especially in the area around the Buna River and Lake Skadar.
Nov 26 China Pacific Construction Group (CPCG), the country’s largest private builder by revenue, signed a 3 billion euro ($3.19 billion) deal to build an expressway between Montenegro and Albania, the company said.
Construction of the 280 kilometre link will begin in the second half of 2016 and take about eight years to complete, it said.
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