Skip to main content

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.

Related Content

  • Bulgaria: back on track?
    July 23, 2012
    Several important Bulgarian road projects are expected to gain momentum over the coming weeks, a welcome boost for a sector that has been beset by delays in the past. In mid-September, the National Road Infrastructure Agency (NRIA) announced that it would soon be declaring new tenders for the construction of two key road projects worth a total of US$94 million (approximately €68.8 million). One section will link the south-eastern city of Kardzhali to Podkova, near the Greek border: the second will connect t
  • India’s highway projects benefiting from World Bank funding
    July 4, 2014
    A loan worth US$500 million from the World Bank's International Bank for Reconstruction and Development (IBRD) will help improve road connections in India. The funding will be directed towards India's National Highways Inter-connectivity Improvement Project (NHIIP), a programme of works aimed at improving routes in some rural or remote areas of the country. The NHIIP plan involves upgrading around 1,120km of National Highways in some of the country’s the low-income states such as Bihar, Orissa and Rajasthan
  • Russia seeks outside investment in road building
    November 6, 2012
    The Russian road building industry is on the verge of big changes as it bids to improve quality and speed of construction says Eugene Gerden The Russian road building industry is on the verge of big changes as the national government considers creating conditions to attract foreign companies to build roads in the country. According to a recent order of President Vladimir Putin, due to poor quality and high cost of road construction, there is a need for the development of a mechanism to attract foreign compa
  • New bridges for Belgrade
    February 27, 2012
    Work is now underway in Serbia to build a new bridge over the Danube River.