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

  • Contract for Romanian highway construction signed
    May 10, 2012
    In Romania the road authorities have signed a deal for the construction of a 22km stretch of highway in a contract worth €91 million. The Portuguese contractor Monte Adriano will construct the section linking Nadlac with Pecica. Romania has pledged to improve and expand its highway network with the construction of new links, and much of the funding for its highway plans has been provided by the European Bank for Reconstruction and Development and the European Investment Bank (EIB).
  • A new tunnel project for Turkey is a significant move
    December 12, 2012
    The European Bank for Reconstruction and Development (EBRD) is supplying a finance package worth US$150 million for the new Bosphorus crossing project in Turkey. Running under the Bosphorus at Istanbul, the new tunnel will connect both European and Asian sides of the city. The EBRD’s $150 million loan completes $1.4 billion worth of financing required for the Eurasia Tunnel project, being built under the Bosphorus straits. Other components of the $1.4 billion financing package for this PPP project include a
  • Romanian road issues
    March 5, 2012
    Political controversy is looming with the revelation that Romania's National Road Company (CNADNR) has spent some €1.5 billion on upgrading 2,800 km of roads since 2004.
  • More than US$700mn released for construction of new Moroccan motorway
    January 9, 2013
    Over US$ 700 million (MAD 6bn) has been released for the construction of a 172km motorway between Berrechid-Beni and Mellal in Morocco. The new highway will feature two toll booths and three rest areas. Although delays are expected, the project is due for completion in 2014. The first stretch in the Tadla-Azilal area is due for completion in June 2013. This motorway is said to form a key part of the 2008-2015 Morocco roadmap. It is funded by a loan from the Chinese government, by the European Investment Fun