A new motorway project underway in the Western Balkans interior could have a positive effect on Albania's coastline, something that a report in Property Wire claims could be especially good for second home owners. It is the region’s largest infrastructure project for several years, and the first 120 km section connecting Albania and the Adriatic Coast to central Kosovo is almost completed.
The infrastructure project is costing an estimated €1 billion and is strategically important as it runs from Morine on the Albanian border to the capital of Kosovo, Pristina. The four-lane motorway extension will connect the Durres-Kukes motorway with Pristhtina and Prizren, and the project should see the region reaping considerable economic benefits, as it is expected to boost the Kosovan economy by creating around 3,000 new jobs. Many tourists travel to Albania through Kosovo or Macedonia, so this region should see an increase in tourism figures as it will significantly reduce traveling times.
Albania is already enjoying a significant increase in tourism figures, as visitor numbers were up by 16% during the first eight months of the year which is partly because of improved infrastructure due to the Tirana-Elbasan highway project, the increased number of flights to European cities, while the country was also ranked as one of the world’s top destinations for 2011 by Lonely Planet. The motorway will certainly make a number of new residential developments in the Adriatic Sea region more accessible.
One of these is the five-star Lalzit Bay Resort & Spa, which was recently named Project of the year 2011 at the RealEX Awards. Ravin Maharajah, partner of the development feels that the developments in infrastructure have been crucial to the success of the project, and they are about to start building the first two blocks which are almost completely sold out.
The European Union rejected Albania’s bid for candidacy last year, and it remains to be seen if they have implemented sufficient reforms to be successful this year. The report is due to be released tomorrow, although due to the continuing economic crisis in Europe support for EU integration has fallen in most Balkan countries.