This document outlines Albania's investment strategy for railways. It discusses drafting an investment strategy and mission for the Albanian Railways to integrate Albania's economy with the EU. The strategy's objectives are to implement legislation supporting rail investments, attract state and foreign funds to rehabilitate networks, and improve intermodal connections and logistic centers. It provides recommendations to better control public funds usage and strategically plan, manage, and oversee railway investments according to public finance management strategies.
2. INVESTMENT STRATEGY FOR
GOVERMENTAL BODY
• This INV strategy incl. the ALBANIAN RAILWAY
• The Albanian Railways has drafted and
approved the Declaration of its mission
• Investment Development Strategy, is ongoing
• Its mission is to implement the Albanian
Railways Vision as an integral part of Albania's
inclusion for economic integration in the EU
3. The mission of our information society
• Investing transport service for goods and passengers, PSO
• Commercial and profit-driven basis at fair competition
• Design, implementation and monitoring of national
policies, programs, norms and defined national standards
• Develop the planning and development sector urban, rail
• Intermodal for rail and air transport at joint projects
• National strategy transport, water supply and sewerage
• Urban waste construction of infrastructure projects
• Railway, telecommunication sector postal services related
4. Activities to invest
• Regulatory activities of digital and electronic networks
• Investing at railway tracking and monitoring ICT-ITS
• In the energy sector, the use of energy and mining
• Natural resources in the industry sector, ongoing
• The Goal continually increasing the welfare of citizens
• Ensuring a sustainable and promotional development
• increasing for private investment and economic growth
• Development of free private space and the creation of
conditions for fair competition between transport et al
• Intelligent system using resources available efficiently
• Effectively investing on them and increase stakeholders
5. Objectives for investments
• Implementation of legislation to investments of rail transport
• Good Governance of Public Finance PFM for our Investment and
Public Investment Management in the Strategic Rail Sector
• Effective Contribution to Attracting State Budget Investments and
Foreign Funds in Rehabilitation of the Railway Network
• Improvement of intermodal connections with Albanian ports and
border crossings, as well as branches of logistics industry centers
• Construction of attractive and competitive railway corridors for
transport according to sector transport strategy
• Better planning for attracting / absorbing investments in providing
a high level of maintenance with the preventive maintenance
system in the core and comprehensive rail network
6. Objectives for investments
• Reconciliation with Investment Sector Infrastructure
Strategy and Business Plan in its Investment
Management Program
• Improving the level of investment in modernization of
railway vehicles through the current program for
reconstruction or new purchases
• Adhering to the schedule of deadlines set for the
presentation of project ideas and project proposals for
our railway investments
• Inclusion of unique investment package in Albanian
Railways with all projects with approved status in
preparation and investments
7. Objectives for investments
• Efficiency contribution of the investment sector to reporting
within the medium-term MTBP budgeting program at the rank of:
• a. internal co-financing
• b. foreign-funded funds with ongoing status and harmonization
of IPA investment contract funds
• c. ratio according to key performance indicators of the railway
sector
• Preparation and timely reconciliation with the CA responsible
structures to approve the financing of new public investment
projects subject to full evaluation
• Involve our investments as an integral part of the Priority Policy
Document in support of budget law.
• Accurate and timely identification of emergent needs in the
improvement of services and works
8. Action plan and risk assessment
• 1. Timely programme of all investment phases to maturity
• 2. Public Investment Framework is planned at the level of
implementation of strategic reform in the railway sector
• 3. Our approach is secured to create an open market for
public (and private and partnerships with the state).
• 4. Pursuing statutory provisions of the Albanian railway
company for reviewing and approving our investments
• 5.Ensuring socio-economic, financial and environmental
sustainability by creating favorable legal and institutional
conditions for budget support and attracting foreign co-
financing investments to the rail network.
9. Recommendations to follow up
• 1. Better control over use of public funds in relation to
the programs of AR according to the legislation in force
• 2. Management, management and internal control of
the railway sector on investment planning, strategically
• 3. Rigorous implementation of the PFM public finance
management strategy in this area and management of
railway investments
• 4. Rigorous use of the prioritization results carried out
with cost-benefit analysis and multi-criteria analysis of
the studies for the eco-financial / financial evaluation
of the entire Albanian railway network accordingly
