Skip to main content

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

  • A new loan will aid construction of a major link in Albania
    April 19, 2012
    In Albania the government is giving its approval for an €80 million (US$104.4 million) 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 the work is completed
  • Kosovo-Serbia connection to commence construction
    October 13, 2017
    Construction will commence on the new connection from Kosovo’s capital Pristina to Nis in Serbia. The first stretch of the highway to be built will be the 77km section from Nis to Merdare in Serbia. The project is expected to cost €212 million, with a portion of the funding at least being provided by the European Investment Bank (EIB). Plans have yet to be announced for the stretch running from Serbia’s border with Kosovo to Pristina. Once complete this route will provide new links from Serbia to Albania an
  • Expectations for growth of UAE infrastucture
    February 9, 2012
    The INTERMAT Middle East event is being launched at a pivotal time of major infrastructure development in the region. As with most sectors, the highways industry has not had a fantastic 18 months in the Gulf. Not only has the recession impacted the delivery of projects across the board, GCC Governments' attention have been switching increasingly to rail, as plans to roll out a Gulf-wide rail system gather steam. GCC countries will invest over US$119.6 billion in infrastructure projects over the next decade
  • Bechtel and Enka win highway contract for Kosovo
    July 2, 2014
    Bechtel and its joint-venture partner Enka have won a contract to build a 60km highway connecting Kosovo’s capital Pristina with neighbouring Macedonia. The new Route 6 highway will help improve Kosovo’s transport links, a highly important factor for the future economic development of this small, landlocked nation. Bechtel-Enka previously constructed Kosovo’s Route 7 highway, which was completed in November 2013, a whole year ahead of schedule. The Route 7 highway with Morina on the Albanian border through