The Belgrade airport transfer between Albania and Serbia is being touted as a good deal for both sides, according to a report in the Belgrade Post.
The article reported that the transfer will save Belgrade around $8 billion in costs over a 20-year period, while Serbia will save $10 billion.
“It will allow Belgrade to improve its infrastructure and make it more affordable for Serbian consumers,” the article quoted Belgrade Mayor Milos Sifko as saying.
The deal is reportedly one of the largest bilateral investments in the region.
In addition to the transfer, the article reported, the two countries will also get the opportunity to develop a new highway and a rail link to Belgrade and to invest $1 billion in the construction of a new airport.
According to the report, Belgrade is looking to invest another $10.5 billion to expand its airport network, while Serbian authorities have said they plan to spend another $20 billion on the region’s infrastructure.