Release date: 28 March 2007
Promoter – Financial Intermediary
Ministry of Public Works, Transport and TelecommunicationsLocation
Description
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.
Objectives
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).
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 30 million.
Total cost (Approximate amount)
EUR 76 million.
Environmental aspects
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
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.
Status
Signed - 16/11/2007
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).