The European Investment Bank signed its biggest loan for Albania worth 50 million euros (USD59 million) on June 4 to finance the ongoing rehabilitation of secondary and local roads network, according to a press release by EIB. The total cost of the project is estimated at 140 million euros and is being co-financed by the European Commission and European Bank for Reconstruction and Development. It forms part of the Western Balkans Investment Framework and is managed by the Albanian Development Fund.
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About the author
Chiden Balmes
Chiden, a correspondent based in Seoul, focuses on computer-assisted reporting to provide international development professionals with practical business and career information. He also contributes to the Development Newswire and the Global Development Briefing, two of the world's highest-circulation development publications.
