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

  • Intermat Middle East positions itself for growth
    October 17, 2012
    As the United Arab Emirates gears up to invest more than US $4.6 billion (UAE Dirham 17 billion) in its nationwide road network in the next few years, the second annual INTERMAT Middle East show has taken place in Abu Dhabi with suppliers like AAA Cranes, Miller UK, Kanoo, Liebherr, Sennebogen, WireCo World, Erkat, Terex Finlay, Atlas Copco, , ELSA SRL, Robit Rock Tools, Ramtec Robi, Scheuerle Fahrzeugfabrik, T.G.S – The Grab Specialist, BV Beco, Techking Tires, Blastrac, SK Solutions, Xcentric Internationa
    Read More
  • ENKA wins award for work on Kosovo highway project
    May 13, 2013
    Turkish contractor ENKA and its joint venture partner Bechtel have won the Best Global Project Award from US magazine Engineering News Record (ENR) for the Kosovo Route 7 highway project. The privately owned firm ENKA and Bechtel won an award in ENR’s Global Best Competition 2013 for the Project of the Year in the category for Roads and Highways around the world. Projects in several categories competed in the awards on factors such as innovation and overcoming global challenges, implementation of safety pro
    Read More
  • Indonesia’s new tolled highway projects
    September 29, 2016
    A series of major infrastructure projects are now moving forward in Indonesia, with financing sources having been identified for the work. Key projects include a tolled highway for East Java and a new tolled road and bridge link in East Kalimantan. Work on the 158km South Coast road project for East Java is moving forward with the securing of financing in the shape of a US$225.8 million loan from the Islamic Development Bank (IDB). A tolled highway link is being planned between Melawai in Balikpapan city
    Read More
  • Cost increases for major Chilean highway project
    November 15, 2013
    The cost of Chile’s Vespucio Oriente highway project is increasing, while its completion also looks set to be delayed. A 13% budget increase is now required due to additional costs from a number of factors such as urban landscaping, according to Business News Americas. The Américo Vespucio Oriente (AVO) expressway is being built in Chilean capital Santiago and was originally expected to cost in the region of US$940 million. However Chile’s Public Works Ministry, MOP, has said that the route will now cost so
    Read More

Highlighted Content