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

  • EU Commission adopts plan for €50 billion boost to European networks
    May 2, 2012
    The European Commission has tabled a plan which will fund €50 billion (US$68.7 billion) worth of investment to improve Europe's transport, energy and digital networks. It has also announced the Europe 2020 Project Bond Initiative which will be one of a number of risk-sharing instruments upon which the facility may draw in order to attract private finance in projects.
    Read More
  • Bulgaria plans for operating road infrastructure
    February 21, 2012
    There is a lot of work to do on Bulgarian roads, but the government has plans to increase the length of highways built each year as Krasimir Krastanov reports. Bulgarian roads with a pavement make up 98.4% of all the country's roads, while 92.5% of them have an asphalt surface and 82.8% of them are able to carry 10tonnes/axle.
    Read More
  • Bosnia tunnel project; work starting
    November 1, 2019
    Construction work is due to start on the Prenj Tunnel project in Bosnia. The tunnel will form part of the important Corridor 5C route. Measuring 10km in length, the road and tunnel project is expected to cost €820 million to build. Funding is being supplied jointly by the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD). The Bosnian Government has also secured a portion of the necessary funding from Bosnian banks. In addition, a contract has been agreed for the
    Read More
  • Investing in East Africa's road sector to boost economic development
    April 14, 2020
    Investments in East Africa’s road sector are helping drive economic development as well as political stability
    Read More

Highlighted Content