During a one-day summit in Tirana, the Republic of North Macedonia and the United Kingdom agreed to sign a strategic partnership in the following period (“Strategic Partnership Agreement”).
Under the Strategic Partnership Agreement, the UK will provide North Macedonia with a EUR 6 billion credit line for large infrastructure, railway, transport, healthcare, and energy projects.
The list of projects includes, among others: (i) developing a modern cargo and high-speed passenger railway from Tabanovce to Gevgelija; (ii) investing in healthcare and building new hospitals; (iii) completing the Shtip Clinical Hospital project; (iv) constructing a new building for the Faculty of Medicine and a Student Dormitory; (v) building a hospital and Healthcare Center in Kichevo; (vi) reconstructing the Clinical Hospital in Tetovo.
The Strategic Partnership Agreement would signify an important step forward in strengthening the partnership between the two countries and in advancing their shared interests.
The information in this document does not constitute legal advice on any particular matter and is provided for general informational purposes only.
