This paper aims to identify the role of railway transport in economic development in Albania and Macedonia. It also aims to identify the importance of Railway Corridor VIII as a good opportunity to reduce costs of transport and shortening distance of travelling for freight trains. The future of railway transport is considered golden. Railways transport is considered as an effective and ecological transport, factors these which can be used in their marketing. Yet are issues related to high technology, their accuracy, providing good service and affordable tariffs that serve as attractive in the development of railways
Keywords: Albanian railway, Albanian transportation, Economic Development, Macedonian Railway, Social Development, VIII Corridor
