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

  • Political agreement for highway connecting Serbia, Kosovo and Albania
    June 4, 2015
    A thawing of political relations between Serbia and Kosovo and Albania is resulting in progress with regard to transportation.
    Read More
  • Serbia inks two road deals with China at 16plus1 summit
    April 23, 2019
    Serbia said it signed two road construction agreements with China during the 16plus1 Summit in Dubrovnik, Croatia earlier this month. The two deals are for construction of the Pozega-Boljare and Novi Beograd-Surcin road routes. The Pozega-Boljare project alone is worth €2 billion and will be financed from the existing loan from the Exim Bank, according to media reports. China’s east-west Belt and Road Initiative was the focus of the annual 16plus1 Summit that brought together leaders from Beijing plus
    Read More
  • Major road projects for West Africa
    July 6, 2012
    Two major road projects will help connectivity in West African nations. In Cameroon, a loan from China Eximbank will help fund a key expressway project. Meanwhile in Côte d'Ivoire, a new highway will provide a new link to a major port. The US$466 million loan from the Export-Import Bank of China (China Eximbank) will be used to upgrade the expressway linking Cameroon’s two major cities, Douala and Yaounde. Meanwhile Bouygues Travaux Publics is to build a 6.4km stretch of highway in Côte d'Ivoire, in a contr
    Read More
  • Nicaragua capital city road projects
    March 28, 2017
    Drivers in Nicaragua’s capital Managua look set to benefit from a series of road projects being planned. The work is intended to cut congestion at peak periods and smooth traffic flow. One of the major projects will be the upgrading of the Juan Pablo II motorway, with the addition of five new flyover sections. A loan worth US$105 million from the Central American Bank for Economic Integration (CABEI) plus another loan worth $136 million from the European Investment Bank (EIB) will help pay for the project.
    Read More

Highlighted Content