Albanian road project loan

Abu Dhabi Fund for Development (ADFD) has agreed to provide a loan of AED183.50million (US$49.95million) for the construction of the Tirana-Elbasan road project. The completed works will shorten travelling time between both cities contributing to Albania's economic growth through the support of domestic trade exchange.
April 25, 2012 Read time: 1 min
4216 Abu Dhabi Fund for Development (ADFD) has agreed to provide a loan of AED183.50million (US$49.95million) for the construction of the Tirana-Elbasan road project. The completed works will shorten travelling time between both cities contributing to Albania’s economic growth through the support of domestic trade exchange.

For more information on companies in this article

Related Content

  • Funding road research in Kenya as infrastructure development grows
    August 14, 2017
    The demand for road construction material research and testing services in Kenya is expected to soar. The East African country is going through a construction boom, despite policy and financial challenges facing public institutions overseeing the research and testing operations in the transport industry. “Kenya is going through a construction boom and so is the demand for construction material testing services,” said Juma Ali Madzitsa, Geotechnical Lab Supervisor at SGS Kenya, a subsidiary of Swiss based in
    Read More
  • Brazilian highway projects face funding issues
    December 10, 2014
    In Brazil financing issues have hit a number of transport projects in Minas Gerais state. The Banco do Brasil is holding back funds for planned work. As a result the state government of Minas Gerais has halted work on 32 construction projects. The Banco do Brasil has not provided the expected US$345.86 million for the work to be carried out. The finances were arranged by the central government through its funding programmes. The projects include a section of the MG-437 road between Sabara and Nova Lima. The
    Read More
  • Building Georgia’s transport connections to its neighbours
    October 26, 2016
    Georgia’s government aspires to turn the country into a regional transport-transit hub, and with renovated and expanded transportation infrastructure it knows that the country can offer significant opportunities to others in the region, and globally – Gordon Feller writes The Caucasus Transit Corridor (CTC) is the key transit-route between Western Europe and Central Asia for oil and gas, as well as dry cargo. CTC is part of TRACECA (TRAnsport Corridor Europe to Central Asia). This is the shortest route
    Read More
  • Loan for major US tunnel project
    October 4, 2021
    A loan facility will help finance a major US tunnel project.
    Read More

Highlighted Content