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

  • Construction work will start shortly on major Indonesian tollroad
    July 22, 2013
    In Indonesia the country’s government intends to speed up preparations for the massive Trans Sumatra tollroad project. This 2,700km highway link is costing close to US$30 billion and much of the work will be carried out by the state-owned contractor, Hutama Kaya. Construction will commence in late-September 2013 and the project is scheduled to be fully open by 2025. This highway will connect all 10 provinces in Sumatra Island through Aceh-Lampung. Phase one of the project is for the construction of four sec
  • Bidding for Uganda road connecting Kampala and Jinja
    May 22, 2018
    In Uganda bidding is now underway for the new expressway project to improve transport between capital Kampala and the industrial city of Jinja. The project for the 95km section of road is expected to cost US$1 billion to construct. The contract is being offered under the design, finance, build and operate model, with the route then being handed back to the Ugandan Government once the agreed concession period is complete. Some of the financing will be provided by the Africa Development Bank (AfDB), French De
  • New highways to improve Austria's connections
    March 6, 2012
    A massive highway project will boost Austria's international links. The €933 million Ostergion PPP motorway project is one of the largest PPP projects currently in operation in Europe. The financers of the project are AMBAC and EIB, while the routine maintenance activities are headed by Egis. The project intends to ease congestion Austria's capital, Vienna, improve commuter traffic, enhance road connections between Austria and the Czech Republic and increase safety on congested B roads around the country.
  • New road links will cut congestion in St Petersburg
    June 20, 2016
    Road building will solve the problem of traffic jams in St Petersburg – Eugene Gerden writes The authorities in Russian city St Petersburg plan to solve the problem of traffic jams in the city during the next few years. The strategy is expected to be achieved through road building and the improvement of transport connections between different districts in the city. Implementation of these plans will take place as part of the decree 355 "Of the Strategy of St Petersburg Economic and Social Development