Skip to main content

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

  • Romanian road revamp to commence
    March 5, 2012
    Austrian contractor STRABAG is to upgrade Romania's national roads DN14 and DN15A in deals worth a total of some €106 million.
  • Saudi Arabia has to tackle road safety to reduce current accident levels
    November 15, 2012
    Saudi Arabia is suffering from poor road safety, despite continuing investment in infrastructure. The country’s road crash rate is very high, accounting for up to 19 deaths/day on average. The data shows that Saudi Arabia’s road network one of the most dangerous in the world. The Government of Saudi Arabia has introduced various policies to address the problem and enforcement has become much tougher. Although congestion is being addressed with the construction of new links and the implementation of ITS tech
  • US DOTs in critical funding battle
    February 9, 2012
    In the US, state DOTs are preparing for the upcoming reauthorisation battle in a tough economic and political climate. Set to expire by the end of the year, the bill is a critical funding source for many transportation projects in the US. However transportation officials in the US are facing a tough battle as the political and economic climate has changed considerably since the last reauthorisation was passed, shortly after President Obama's inauguration in January 2009. Since then, the recession has contin
  • EBRD sets out new loans for Coratia’s road agency, Hrvatske autoceste
    April 1, 2016
    The European Bank for Reconstruction and Development (EBRD) and Hrvatske autoceste – a state-owned company in charge of the construction, maintenance and tolling of Croatia’s motorways – have signed a loan of up to €250 million. The EBRD’s sovereign-guaranteed loan will come in two tranches. The first €200 million will be used to refinance a portion of HAC’s sovereign-guaranteed debt falling due in 2016. The remaining €50 million will finance operational and efficiency improvements and may serve as a