Loans for Albanian roads

The European Bank for Reconstruction and Development (EBRD) is providing a loan worth €50 million to help with the rehabilitation of regional and local roads as well as the modernisation and improvement of transport infrastructure in Albania. This EBRD loan will be used to improve to 500km of roads in rural areas of Albania. The European Investment Bank (EIB) will provide a loan for the same amount for the project. The project is also supported by €33 million in grant financing from the European Commission
May 15, 2012 Read time: 2 mins
The 1166 European Bank for Reconstruction and Development (EBRD) is providing a loan worth €50 million to help with the rehabilitation of regional and local roads as well as the modernisation and improvement of transport infrastructure in Albania.

This EBRD loan will be used to improve to 500km of roads in rural areas of Albania. The 1054 European Investment Bank (EIB) will provide a loan for the same amount for the project. The project is also supported by €33 million in grant financing from the 2465 European Commission under the Instrument for Pre-Accession Assistance (IPA) 2010/2011 programme, and an additional €4 million technical assistance grant from the Western Balkans Investment Framework (WBIF).

The investment is part of a wider national programme to rehabilitate 1,500km of regional and local roads, financed on a parallel by the 2332 World Bank, 1561 OPEC Fund, the Council of Europe Bank and potentially other financiers.
Road Structures

Related Content

  • Realising a dream
    February 20, 2012
    Shem Oirere reports on how major highway projects in eastern African will improve links and the economies of a number of countries in the region
    Read More
  • Develop the Silk Roads, boost economic growth
    February 28, 2012
    Tony Pearce, honorary life member and former director-general of IRF Geneva, recalls the history of the Silk Roads, highlights their continued economic relevance and introduces IRF's active long-term commitment to their rehabilitation. The Silk Roads had their origins in a Chinese military mission in 138BC to purchase horses in Central Asia's Fergana Valley that were reputed to run so fast that they sweated blood. When General Chang Ch'ien reached Fergana, now in Uzbekistan, he found that the fabled horses
    Read More
  • Financial setbacks beset Slovakia’s highway development
    June 12, 2012
    Slovakian highway company NDS says that construction of the 13km Turany-Hubova highway may not be started in 2012. The previous Transport Ministry plan was to call the tender for this stretch in summer 2012. However, the EC has not yet approved the construction of this highway, with questions surrounding the protected area in the Velka and Mala Fatra mountains. If Slovakia does not get this approval, the country might have to chose the second option, which includes the tunnel Korbelka. The EC's decision is
    Read More
  • FIEC calls for coherent investment in Europe's infrastructure
    April 24, 2012
    The European Construction Industry Federation (FIEC) is calling on the European Governments to recognise the importance of investing in infrastructure. The FIEC says it recognises the challenging economic climate and the need for governments to cut unsustainable levels of public debt. But FIEC president Luisa Todini commented, “Austerity is however not a solution by itself.” Europe’s transport, energy and telecommunication networks are the backbone of the EU internal market, ensuring that goods and services
    Read More

Highlighted Content