Release date: 5 April 2005
Promoter – Financial Intermediary
Ministry of Transport and Telecommunications.Location
Description
The proposed project involves the realisation of new single carriageway road, 70 km long, between Fier and Tepelene on Albania’s north-south corridor. It consists of a 37 km section on a new alignment and the rehabilitation of the existing road (with some alignment improvements) for the remaining 33 km.
Objectives
The project will contribute a key link on the north-south road axis linking Albania with its neighbours Montenegro (in the north) and Greece (in the south). It will have a positive impact on the economic development of the south of Albania and will support regional integration of transport infrastructure development in Western Balkans as it is a priority element of the “Core Network” as established by the Regional Balkans Infrastructure Study (July 2003), the main working document of the Infrastructure Steering Group.
Comments
Transport, Storage and Communication
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 50 million.
Total cost (Approximate amount)
Estimated at EUR 101 million.
Environmental aspects
International consultants have carried out an EIA, applying procedures in line with EU practice, including public consultation. The Bank will take 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
Subject to international competitive bidding.
Status
Signed - 15/06/2005
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).