Albania's Government is to pay EUR 11 million to the US company General Electric (GE) over the country's annulment of a 2003 contract with GE Transport.

A petition was filed by General Electric, GE, to enforce the ruling of an arbitration court in Rome, which had found the government of Albania in breach of the €74.71 million contract signed in September 2003.

The right-wing government of Prime Minister Sali Berisha rescinded the contract with GE in 2005, claiming the project implementation price was exorbitant and that Albania could not afford it.

The project aimed to modernize the Tirana-Durres railway segment, known also as the electric train, which would have been linked with Mother Theresa International Airport.

GE petitioned the case in the International Court of Arbitration in Rome in 2006, which found in favor of the plaintiff.