The Albanian Investment Corporation closed the last call for the Lift Tower a few days ago and then announced that it had been canceled.
“This Notice communicates the Corporation’s decision to cancel the procedure for selecting the Private Partner for the implementation of the contract “Development through entrepreneurship of LIFT Tower”. Reason for cancellation: No applicant appeared on the specified date and time,” the Corporation’s notice states. This is the first time that the procedure has been re-announced and canceled due to lack of interest from private parties to enter into partnership with state institutions to develop public properties.
Specifically, LIFT Tower is part of a broader project undertaken by the government since last year and which aims to develop public properties in exchange for office space. Lift Tower is part of the sub-project "Construction and management of the Albanian Cadastre building".
The Albanian Investment Corporation, which leads this process as a whole, underlines that through the international public competitive procedure, it aims to select the private partner, in the capacity of Entrepreneur for the development of the property for the venture, by realizing the architectural project-idea of the merger of the entities Baukuh Studio Associato & Muoto & Sam Chermayeff Office & Yellow Office & Bollinger Grohmann & Atmoslab & Simoj Boudvin & Arkimade.
"The investment project aims to transform old state spaces and buildings that currently show signs of depreciation, degradation and outdated, non-contemporary infrastructure and where existing conditions indicate the need to improve the quality of the properties. The public interest pursued by the investment project consists of improving the working conditions of public officials, as well as in energizing the city by bringing about the development of the urban areas where the properties are located.
The project is implemented through a partnership model, where the Corporation has the role of developer and mediator between the public institution that has an interest in developing its properties and benefiting from modern buildings and the private partner, which possesses the financial, human resources and executive capacities and has an interest in the implementation of the investment project," the Corporation's website states.
But what is intended to be achieved in this specific case? The investor will finance the construction of the new Cadastre, while in return he will be able to build a project on public land from which he will receive the investment through sale. In this construction, the state will also have its due share according to the specifications previously agreed upon in the contract between the two parties./ Monitor
