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

  • EU to provide funding for Greek highway studies
    May 10, 2012
    The Greek highway sector looks set to receive muchneeded external funding from the EU for key project studies. Co-funding will be provided by the EU for studies into major infrastructure projects. A study investigating a section of the Ionian Highway between the multi-level junction of Egnatia and the town of Kakavia in Greece will receive almost €2 million in EU contribution. This will be provided under the 2010 TEN-T Annual Call. The co-funded study will set the stage for the construction of a four-lane h
    Read More
  • New African infrastructure roadmap
    February 9, 2012
    An ambitious plan to boost transport infrastructure in Africa is being unveiled at the inaugural Africa Roads & Rail Infrastructure Summit 2010 is being held in Kigali, Rwanda from 22nd-23rd April. International transport specialists will focus on the region along with key decision makers from African governments, the World Bank and economic communities.
    Read More
  • Businesses want Crnaja Tunnel delay
    September 25, 2020
    The tunnel is on Bosnia’s M17 highway, part of European route E73.
    Read More
  • ADB loan for Armenia-Georgia highway
    November 4, 2016
    Approval for a US$50 million loan to develop a highway stretch in Armenia has been given by the Asian Development Bank (ADB). The loan will be used to upgrade the M6 Highway from Vanadzor in Armenia to the country’s border with Georgia at Bagratashen. The route is one of the most strategic roads for internal and external trade for landlocked Armenia while it also lies close to the country’s border with Azerbaijan. The upgrading of this highway will also provide an important link to the Black Sea Ring Road p
    Read More

Highlighted Content