The Council of Ministers has approved the revitalization of the “Asllan Rusi” Sports Palace in Tirana. The government has authorized the Albanian Investment Corporation to carry out the project directly or through subcontractors.

The corporation will act as the property developer to realize the investment in the public interest. Within 30 days, the corporation and the relevant institutions must sign a cooperation agreement. This agreement will define the standards, methodology, terms, and conditions for the project and the registration of the new state property.

The corporation will open a competitive process to select a private partner, following government-set rules on leasing, selling, or otherwise using state property.

It will also negotiate contracts with private entities for the property’s development and may demolish existing structures, as required by territorial planning laws.

The Ministry of Education and Sports, Tirana Municipality, the National Territorial Planning Agency, the State Cadastre Agency, the National Olympic Committee, the Sports Center, and the Investment Corporation will carry out the decision.

/a.p./