Skip to main content

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

  • High fatality rates around the world
    March 13, 2014
    In 2010, global road traffic injuries resulted in 1.3 million deaths and were the eighth leading cause of death, with 90% of fatal injuries taking place in low- and middle-income countries At the root of this crisis in the developing world are persisting managerial and technical capacity weaknesses. For many fast-motorising countries, fragmented legislation, poorly targeted funding, ineffective institutional leadership, and outdated road engineering practices could all translate into failure to meet road
  • Funding for Rwanda roads rebuild
    July 18, 2016
    Foreign funding will help pay for key road rebuilding work in Rwanda. Loans worth US$162.4 million are being provided by the African Development Bank (AfDB) and the Japan International Cooperation Agency (JICA), with a $22 million development grant also coming from the EU. These financial sources will help pay for work to improve the 92km long link connecting Kayonza with Rusumo as well as the 116km road between Kagitumba and Kayonza. These road links are of importance as they help connect Rwanda to its nei
  • Pakistan enhances road link with Afghanistan
    November 22, 2024
    Pakistan has enhanced the road link with Afghanistan and Centra Asia.
  • East Africa’s dream of a ‘Silk Road’ in sight
    October 22, 2021
    East Africa’s dream of a ‘Silk Road’ route to boost trade and transport is now in sight