A new loan will aid construction of a major link in Albania

In Albania the government is giving its approval for an €80 million (US$104.4 million) loan being provided by the European Investment Bank (EIB). The project is for the Fier bypass, which forms part of the Tirana-Vlora highway. The project has faced a series of delays since work commenced a number of years ago. However this new funding will help ensure the work is completed
April 19, 2012 Read time: 1 min
In Albania the government is giving its approval for an €80 million (US$104.4 million) loan being provided by the 1054 European Investment Bank (EIB). The project is for the Fier bypass, which forms part of the Tirana-Vlora highway. The project has faced a series of delays since work commenced a number of years ago. However this new funding will help ensure the work is completed

For more information on companies in this article

Related Content

  • New highway linking Serbia with Albania through Kosovo planned
    February 25, 2015
    Plans are now being worked on for a new highway that will connect Serbia with Albania, running through Kosovo. The project is momentous and marks a considerable diplomatic advance, given that Serbia’s past relations with its neighbour Kosovo and Albania have been less than harmonious in the recent past. This new move is seeing a Technical Working Group comprised of experts from Albania and Serbia looking into the construction of a new highway link between the two countries, as well as new railway connection
    Read More
  • EBRD loan for Bosnia
    March 15, 2012
    Japanese manufacturer Mitsubishi Motors has aided in a pilot study using an electric vehicle to power traffic lights.
    Read More
  • Funds for Poland’s highways maintenance, repairs
    May 14, 2012
    Poland’s government plans to boost highways spending in 2011 with a budget of €8.72 billion, an increase of €3.73 billion over the budget set for 2010. However, there is some scepticism as to how such a substantial sum will be found, especially given the spending restrictions the country is already seeing.
    Read More
  • New Holland machines for Moldavia
    December 4, 2013
    The Moldovan Ministry of Transport and Road Infrastructure is investing €150 million to upgrade and refurbish 200km of the country’s major highway links. This funding is coming through a loan being provided by the European Bank for Reconstruction and Development (EBRD).
    Read More

Highlighted Content