Investing in Albania's roads

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
March 22, 2012 Read time: 1 min
Albanian’s roads require further investment

The 1166 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 to build a 22km bypass in Fier and a 29km bypass in Vlore. The project is being co-financed by the 1054 European Investment Bank (EIB) and the 1116 European Union. The two bypasses form key sections of Albania’s national road network which will connect important roads previously financed by the EBRD and EIB.

Related Content

  • 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
    Read More
  • Colombian infrastructure projects boost
    February 22, 2022
    Colombian infrastructure projects will be boosted with new budget.
    Read More
  • Financing secured for Kenya road upgrade
    October 9, 2019
    Financing has been secured to pay for upgrading work for the road connecting Kenol, Sagana and Marwa in Kenya. The 84km route includes a stretch of the A2 road and will be widened to dual carriageway status, with two lanes in either direction and a central divider, rather than one lane in in either direction at present. Funding is being provided by the African Development Bank (AfDB) in the shape of loans worth US$237 million. The AfdB’s loan package will pay for around 69% of the work, with the People’s Ba
    Read More
  • Mozambique’ new bridge opens to traffic
    November 14, 2018
    Mozambique’s new suspension bridge connecting Maputo with Catembe is now open to traffic. The suspension bridge is the longest of its type in Africa, measuring almost 3km-long and surpassing the previous holder of this accolade, the Mapati Bridge in the Democratic Republic of Congo. The new bridge spans Maputo Bay and forms part of a new highway connection running from Mozambique’s capital, Maputo, all the way to the border with South Africa. The route will be of major benefit for Mozambique, helping to boo
    Read More

Highlighted Content