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

  • Importance of continued transportation investment
    May 2, 2012
    The US infrastructure network requires urgent attention - * T Peter Ruane. America's transportation infrastructure was once the "shining light on top of the hill." Major investments in a national highway, bridge, transit, airport, port and waterway system during the 20th century paid great dividends. The free and efficient flow of goods and people across the 50 states led to unparalleled economic expansion. The mobility and prosperity resulting from an interconnected infrastructure was a model for the world
    Read More
  • EU funding boosts Slovakia’s transport links
    October 31, 2012
    Slovakia is benefiting from strong European investment in its transport infrastructure. For the 12 month period up until 30th September 2012, the country benefited from the use of EU funds worth €920.5 million. This amount was used for projects within the Operational Programme Transport (OPD) and came from the overall allocated sum of €3.12 billion. Co-financing from the state budget stood at €211.5 million and represented 33.75% of the overall sum of €626.6 million. The finances used from the EU Cohesion F
    Read More
  • Tunisia to rebuild road routes
    November 2, 2015
    Tunisia has major plans to upgrade its road network, with work due to commence in 2016. The Tunisian Government has said it intends to modernise 718km of roads across the country. The aim is to widen roads to 7.6m so that they meet international standards. The scheme will cover 21 governorates. Five national roads will be upgraded with a total distance of 105km, while 20 regional roads covering a distance of 320km will be updated. The project will also improve 20 local roads with a total distance of 294km.
    Read More
  • New Albanian road tunnel project
    November 25, 2021
    Work is starting on a new Albanian road tunnel project.
    Read More

Highlighted Content