Skip to main content

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

  • Nicaragua road widenging and repair budgets
    March 6, 2018
    Nicaragua’s capital Managua is to benefit from a project to widen and upgrade the Pista Juan Pablo II road. Funding is being provide from a number of sources. The European Investment Bank (EIB) is providing US$136 million while the Central American Bank for Economic Integration (CABEI) is providing $105.5 million. The council of Managua meanwhile will provide $33.4 million. The work will see upgrades to 9.55km of the route, which also includes building new flyover sections.
  • Infrastructure investment plans established for Western Balkans nations
    December 5, 2013
    A €10 million contract from the European Commission will form the basis of work to strengthen essential infrastructure development across the Western Balkans. A consortium led by Mott MacDonald, and including WYG and WS Atkins has been awarded this contract to carry out the engineering consultancy work required for the infrastructure expansion. This is an extension to an earlier contract awarded last year to provide technical assistance as part of the Infrastructure Projects' Facility (IPF) of the Western B
  • Albanian PM promises new road infrastructure project cash
    September 11, 2012
    Albanian primeminister, Sali Berisha, has promised that his government will keep up its investment in road infrastructure projects, due to their importance to the economy. The PM was speaking at the launch of two new road sections, between Uzina e Autotraktoreve and Lanabregas, and the Bridge of Surrelit to Farka. Both of the sections were built using funding from the EBRD and the EIB, with some funding also being provided by the Albanian government.
  • Bosnia gets EBRD loan for Corridor 5c work
    January 8, 2024
    The project will include the construction of an interchange and a 15 km dual-carriage motorway section, along the Mostar North-South section.