Albania: Vendeka Information Technologies for Milot-Morin deal

Albania’s Ministry of Transport has signed a contract with the Turkish company Vendeka Information Technologies for the rehabilitation of the Milot-Morin motorway. The 30-year deal is for the upgrading, operation and maintenance of the 180km route. Vendeka will invest initially around €51 million and then around €321 million for maintenance over the duration of the contract. The highway links the Adriatic port of Durres with the capital Tirana and eastwards to the border with Kosovo to connect with an
August 9, 2016 Read time: 1 min
Albania’s Ministry of Transport has signed a contract with the Turkish company Vendeka Information Technologies for the rehabilitation of the Milot-Morin motorway.

The 30-year deal is for the upgrading, operation and maintenance of the 180km route. Vendeka will invest initially around €51 million and then around €321 million for maintenance over the duration of the contract.

The highway links the Adriatic port of Durres with the capital Tirana and eastwards to the border with Kosovo to connect with an upgraded highway for access to Pristina, the Kosovan capital.
Finance & Funding

Related Content

  • Italian road maintenance contracts for Cossi Costruzioni
    March 22, 2022
    Italian contractor Cossi Costruzioni will work on a major road maintenance package.
    Read More
  • A new loan will aid construction of a major link in Albania
    April 19, 2012
    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
    Read More
  • India's US$100 billion highway investment
    May 29, 2012
    India intends to continue its massive investment in highway spending. Predictions for the next five years say that up to US$100 billion will be spent on road building in the country in the coming five years. The Ministry for Road Transport and Highways plans to build 35,000km of highways, with 60% being provided by the Government budget and 40% from the private sector. The Ministry of Road, Transport and Highways will open up tendering for nine highway projects. The National Highway Authority of India (NHAI
    Read More
  • Chilean highway project faces questions
    February 14, 2012
    The plans for Chile's new Vespucio Oriente highway are under a question mark at present. The Chilean Construction Chamber (CChC) and the association of concession-holders (COPSA) have raised concerns over the plans by the country's government to press ahead with the construction of the 13km Vespucio Oriente highway in capital Santiago.
    Read More

Highlighted Content