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

  • Austrian funding for Croatian roads
    July 9, 2012
    Croatian national motorways company Hrvatske Autoceste (HAC) is receiving funding in the shape of a €100 million loan from Hypo Alpa Adria Bank and Hypo Alpa Adria International, from Klagenfurt in Austria. A guarantee for the loan is being supplied by the Croatian Government. The loan is approved over a five-year repayment period and with a 6.99% interest rate. Funding will be used for liquidity and regular payments to construction firms. The move increases HAC's gearing as it has so far borrowed €80 milli
    Read More
  • Romania gets EIB funds
    February 20, 2012
    Funding worth nearly €600 million from the European Investment Bank (EIB) could help improve Romania’s national road network.
    Read More
  • Loans secured to pay for Argentina road projects
    May 13, 2019
    Financing in the shape of loans will help fund six PPP road projects in Argentina. Loans worth US$200 million and are being supplied by IDB Invest, a division of the Inter-American Development Bank (IADB). In all syndicated loans worth $900 million have been amassed from a number of banks and funding institutions to help pay for the projects. However the road projects are expected to cost in the order of $6 billion in all.
    Read More
  • Ring road for Sarajevo nears completion
    December 17, 2012
    The Sarajevo Ring Road in Bosnia and Herzegovina is expected to be completed by October 2012. The construction of the 5.6km long highway from Josanica to Butila is being carried out by a consortium of companies made up of HP Investing and Strabag. The completed Ring Road will be part of the future Corridor Vc motorway. Bosnia and Herzegovina Federal Minister of Transport and Telecoms, Enver Bijedic, and State Minister of Telecoms and Transport and Director of the roads company JP Ceste FBiH, Filip Vujevo, r
    Read More

Highlighted Content