Albania tackles highway costs

The Albanian Government has reduced its estimate for the cost of the new road link between capital Tirana and Elbasan. This $110 million reduction sees the project now costing an expected $290 million, instead of the $400 million originally forecast.
March 23, 2012 Read time: 1 min
The Albanian Government has reduced its estimate for the cost of the new road link between capital Tirana and Elbasan. This $110 million reduction sees the project now costing an expected $290 million, instead of the $400 million originally forecast. The highway is being financed jointly by Albania and the 4216 Abu Dhabi Fund for Development.

For more information on companies in this article

Related Content

  • Political agreement for highway connecting Serbia, Kosovo and Albania
    June 4, 2015
    A thawing of political relations between Serbia and Kosovo and Albania is resulting in progress with regard to transportation.
    Read More
  • EBRD financing for Albania and Kosovo
    December 16, 2020
    Financing from the EBRD will pay for works in Albania and Kosovo.
    Read More
  • Albanian road investment
    May 15, 2012
    The European Bank for Reconstruction and Development (EBRD) is providing major funding in Albania’s road network. A loan worth €53 million will help pay for the construction of the new Fier and Vlore bypasses. This loan will aid further development of the Albanian road network and boosting economic integration in the country by co-financing the construction of the two bypass roads, located in south-western Albania. The EBRD loan is structured in two tranches and will be used by the Albanian Road Authority t
    Read More
  • Plans for Serbia-Kosovo highway
    March 10, 2016
    Plans are moving forward for a new highway that will link Kosovo’s capital Pristina with Belgrade, the capital of neighbouring Serbia. The project is of importance as it reveals the continued improvement in diplomatic relations between Serbia and Kosovo. Serbia’s Ministry of Construction says that work on the route will commence in the first half 2017. The financing model for the project has yet to be established. Talks are being held with European partners. The cost of the project has not yet been revealed
    Read More

Highlighted Content