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

  • Poland’s prioritisation programme places projects in pole position
    December 10, 2012
    The Polish Transport Ministry is prioritising development work for its highway and dual carriageway network. With limits on funds available, the Transport Ministry has decided that the major routes will be first to receive investment. However work to a number of bypasses that were due to be built will now be delayed and possibly, abandoned altogether. These include bypasses around Olsztyn, Gora Kalwaria and Pultusk. Some €10.44 billion will have been invested by the Polish Government on roads in the period
  • Kosovo highway project planned
    October 29, 2020
    A major Kosovo highway project is being planned.
  • Russia’s most expensive road project to commence
    January 15, 2019
    Construction work is being planned for Russia’s most expensive road, which will be built in south of the country – Eugene Gerden reports Work is due to commence shortly on Russia’s most expensive road, in the south of the country. The highway will form part of the existing 1,600km Moscow-Sochi road, according to recent statements from senior officials at the Russian Ministry of Transport as well as local analysts. As part of the project, the Russian Government, together with private investors, plans to
  • Nicaraguan investment
    April 25, 2012
    Loans worth at least US$110 million will help fund road projects in Nicaragua in agricultural areas. The Central American Bank for Economic Integration (CABEI) will provide Nicaragua with a short term loan of close to $61 million for a series of improvements to the national road network, some 11 sections overall. A further $50 million is already available, with another $11 million due in the week commencing 23 November 2011. In addition an extra $50 million will come from the World Bank (WB) and CABEI for r