Kosovo Claims Brezovica Project Can go Ahead

The French consortium, MDP Consulting and Compagnie des Alpes, on Tuesday submitted the documentation required for the development of Brezovica Ski Resort, Kosovo's Ministry of Trade and Industry said on Wednesday.

The deadline for submission of the documents was midnight May, 31.

The most important part of the documents is proof that the consortium has 164 million euros to finance the first stage of the project. So far, initiation of the project has been postponed twice because it was unable to collect the money.

In a vaguely worded press briefing, the trade ministry did not say whether the documents submitted include a guarantee that the funds were collected, as per the terms of the Public Private Partnership, PPP, signed between the government and MDP Consulting and Compagnie des Alpes on November 21, 2014.

The ultimate fate of the 410-million-euro project still looks uncertain.

"Considering the importance of this project for Kosovo's economy, the Interministerial Managing Committee, IMC, will continue to carefully review the documents submitted. After ... the IMC has finalized its dicussion, a decision about the documents... will be communicated to the wider public," the ministry said.

Government spokesman Faton Abdullahu was also unable to confirm whether the documentation submitted includes a guarantee the 164 million euros were finally secured.

According to trade minister Hykmete Bajrami, the next stage of the process should take another ten days.

The process remains ambiguous, however, following conflicting statements given just before the deadline expired by Bajrami on Tuesday.

On November 21, 2014, the government signed a PPP deal with MDP Consulting and Compagnie des Alpes for...