Albania funding

In Albania the government is giving its approval for an €80million (US$104.4million) loan being provided by the European Investment Bank (EIB). The project is for the Fier bypass, which forms part of the Tirana–Vlora highway. The project has faced a series of delays since work commenced a number of years ago. However, this new funding will help ensure that the work is completed.
June 25, 2012 Read time: 2 mins
In Albania the government is giving its approval for an €80million (US$104.4million) loan being provided by the 1054 European Investment Bank (EIB). The project is for the Fier bypass, which forms part of the Tirana–Vlora highway. The project has faced a series of delays since work commenced a number of years ago. However, this new funding will help ensure that the work is completed.

Meanwhile, the first ever Albanian Congress on Roads will be held later this year in Tirana. The two-day event hosted by the 5319 Albanian Association of Consulting Engineers (AACE) in cooperation with the Albanian Builders Association (SHNSH), Albanian Geo-Technical Association (AAGeo) and the Albanian Association of Geodesy (AAG) is being backed by, among others, the country’s Ministry of Public Works and Transports. Organisers of the Congress say Albania has improved and upgraded road network during the past two decades, mainly through programmes funded by major international funding agencies, the Albanian Government and bi-lateral financing schemes or grants. Now the country, like most others in the region, is said to be working to meet the challenge of developing a road management and maintenance strategy. Intended to be a forum to allow public administration and organisations from different countries, especially from the IRF membership, to exchange ideas on road infrastructure, the 1st Albanian Congress on Roads will be held on September 27th-28th, 2012.

For more information on companies in this article

Related Content

  • Record attendance for Istanbul’s E&E conference
    June 14, 2012
    The Eurasphalt & Eurobitume 2012 event in Turkey has attracted record attendance figures, although final figures were not available at the time of writing.
    Read More
  • East Africa drives towards road tolling
    March 18, 2016
    Road tolling is increasing in East Africa as the region’s countries expand highway networks - Shem Oirere writes. The drive towards road tolling in East Africa is gaining momentum. Uganda appears to have broken ranks with its neighbours to make huge strides in achieving progress with this innovative road financing plan. Road tolling has hitherto has been held back in East Africa for lack of political goodwill and State bureaucracies. Kenyan government officials have made announcements on planned road tollin
    Read More
  • Bulgaria plans for operating road infrastructure
    February 21, 2012
    There is a lot of work to do on Bulgarian roads, but the government has plans to increase the length of highways built each year as Krasimir Krastanov reports. Bulgarian roads with a pavement make up 98.4% of all the country's roads, while 92.5% of them have an asphalt surface and 82.8% of them are able to carry 10tonnes/axle.
    Read More
  • The new agile world of the construction equipment industry
    June 22, 2015
    while worldwide for 2015 a crystalball would be helpful, in Europe the sector has already listed specific priorities it wants to tackle, and among these are the upcoming emissions regulations (see separate story), external trade and access to foreign markets, and market surveillance.
    Read More

Highlighted Content