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Signature(s)

Amount
€ 26,000,000
Countries
Sector(s)
Albania : € 26,000,000
Transport : € 26,000,000
Signature date(s)
16/11/2007 : € 26,000,000
Link to source

Summary sheet

Release date
28 March 2007
Status
Reference
Signed | 16/11/2007
20060322
Project name
Promoter - financial intermediary
Levan - Vlorë Road Project
Ministry of Public Works, Transport and Telecommunications
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 30 million.
EUR 76 million.
Location
Sector(s)
Description
Objectives

The project concerns the construction of a new 2 x 2 lane expressway between Levan and Vlorë with a total length of 24 km. The road is part of the North-South Road Corridor of Albania and Trans European Corridor VIII, with the Port of Vlorë being one of the entry points of the Corridor VIII.

The purpose of the Levan - Vlorë Road Project is to improve capacity, traffic safety and travel times on this major north-south road axis. The project is important for the economic development of the coastal zone and will contribute to EU priority objectives under Article 267 (c).

Environmental aspects
Procurement

The Bank's services will take particular care to ensure that proper attention is given to all environmental concerns and appropriate mitigation measures are implemented, in line with the Bank's relevant guidelines, including issues relating to nature conservation areas.

Procurement procedures will be in line with the EIB guidelines and EBRD requirements, that is to say international competitive tendering with pre-qualification. The Bank will monitor the continued procurement process closely.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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