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

  • Uganda's major rural road investment
    February 23, 2012
    Uganda's National Roads Authority (UNRA) is investing heavily in a major rural road upgrade programme for 2011, which is intended to boost transport.
  • China's latest links
    February 16, 2012
    Work is commencing on a key a bridge link in China. The new bridge will be located in Shandong's Dongming County and will take four years to construct.
  • Ethiopia races on with projects
    June 13, 2012
    Ethiopia is pursuing a 10-year $2.4 billion development plan, part of which are ambitious road developments. Shem Oirere reports Ethiopia is hastening its pace towards accessing a share of the East Africa commodity market and opening itself up for foreign investment through the implementation of an ambitious road development strategy, the Road Sector Development Programme (RSDP). The landlocked nation has convinced a number of international lenders of the viability of RSDP, with some of them now loosening
  • Major highway project planned for Morocco
    January 10, 2013
    Work on a new 172km highway is underway in Morocco. Financing worth US$706.7 million is being budgeted for the new highway, which will connect Berrechid-Beni with Mellal. The new highway will have two toll booths and three rest areas. The project is due for completion in 2014, with the first stretch in the Tadla-Azilal area expected to open to traffic June 2013. The new highway is a key link in the Moroccan Government’s planned road network for the country. This is aimed at ensuring all towns and villages i