Albania Road Project Secures USD59M Loan From EIB

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. 

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.