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

  • Moscow to invest $20 billion in massive road-building by 2015
    March 28, 2014
    A huge investment in road building will expand Moscow’s network – Eugene Gerden reports The government of Moscow plans to invest more than RUB 640 billion (US$20 billion) during the period of 2014-2015 .in a massive investment of road building in the city. This is expected to be part of Moscow city’s Master Plan, which is designed until 2025. Building of new roads is crucial for Moscow and should help the city to solve the problem of traffic jams. Despite all the efforts made by the city’s authorities in re
    Read More
  • Russia ploughs ahead with road expansion
    October 14, 2022
    Despite Western economic sanctions, Russia plans a record road building programme up to 2027, as Eugene Gerden reports
    Read More
  • Uganda requesting transportation loan from World Bank
    July 27, 2015
    Uganda is requesting a loan worth some US$145 million from the World Bank. The loan has been recommended by the Ugandan Parliament. Provided by the World Bank's International Development Association (IDA), the funding will help pay for Uganda’s the road connectivity development project. This will focus on work in the country’s Albertine Region districts over a five-year period. The road connectivity development project will boost access to infrastructure and help develop the economy of the Albertine Region.
    Read More
  • Addressing road safety issues worldwide
    February 27, 2012
    Actions are planned on road safety but are they enough? - *Charles Melhuish and *Alan Ross report. Deaths and injuries on the world's roads are now a major health concern. Road crashes now cause around 1.3 million deaths and injure or disable as many as 50 million persons globally each year. The vast majority of these deaths and injuries (over 90%) occur in low- and medium- income countries adding to their already overburdened health facilities as well as adversely affecting economic and social development
    Read More

Highlighted Content