On 17 September 2013 the Municipality of Tirana has announced that it is launching a tender process for the construction of Tirana Public Transport Terminal.

The winning bidder will be selected in an open international tender under a Design Build, Finance Operate Transfer (DBFOT). Following a successful concession tender process, financing to the private party will be analysed by the European Bank for Reconstruction and Development.

The Terminal will be built in two phases:

• Phase A Transport Activity. This phase will guarantee the Terminal full functionality;
• Phase B Facilities of Terminal. This phase B is optional and includes the construction and activation of a Shopping and cultural centre, a Tower with offices, Hotel and Conference rooms and a Multilevel car parking.

The initial investment cost of Phase A (A and B) is estimated at €39.3 (53.4) million and the completion of the construction works is foreseen after two years and four months after the signature of the concession contract.

The financial analysis of the Project Phase A (A and B) results in a forecasted Net Present Value of 66.3 (69.6) million Euro and an Internal Rate of Return of 17.8% (15.9%) considering an operational period of twenty years.

Economic operators are invited to participate in a pre-tender meeting organised by the Municipality of Tirana.

The tender will be preceded by a prequalification phase which start  in October 2013. The awarding of the Concession Contract is foreseen in July 2014.

The Feasibility Study was prepared by a Consortium led by Italferr.

The project:

Tirana will offer an 85,000 m2 land plot situated along the main corridor leading north-westerly out of the city toward Durres to be contracted out on a long-term basis (+20 years) to a future concessionaire to build, operate and maintain the terminal for the benefit of operators and passengers. In exchange, all bus docking fees, retail rental revenues, and parking fees, will be collected by the concessionaire.

The Project also includes the construction of a tram depot and a tram-train station that will be the head station of Tirana-Durres railway, replacing the current Central Station in Tirana, and one of the two terminal stations of the future tram line which will connect the terminal to the Tirana's centre using the no longer in use railway.

The tram-train infrastructure (railway tracks and platforms, water works, electric works, signalling, shelters, etc.) are not part of the Project.

The Project incorporates significant retail space, taxi and taxi van parking to augment revenues to the concessionaire while providing shops and other services to passengers.

Source: European Bank for Reconstruction and Development