Albanian Gov’t expected to get 50m $ IBRD grant for road connectivity enhancement

The Albanian government is expected to receive a $ 50m loan that will be spent on a regional and local road connectivity project.

The agreement that will be inked with the International Bank for Reconstruction and Development has just been submitted to the Parliament, while it provides for repayment of the loan for a period of 29.5 years.

Referring to the submitted draft law, the expected impacts of the implementation of this project relate to the rehabilitation of regional and local roads as well as providing a better and safer connection with the regions involved which have around 80,000 inhabitants.

The project is also expected to improve the sustainability climate in the road network, which will help in achieving a stable and desired proficiency as far as transport services are concerned.

Part of the loan will be spent on building municipal capacities to better manage and maintain road networks.

The project is also expected to support particular municipalities for the implementation of rural development programs.

These include advice on how to assess market potential of villages in order to determine which manufacturing activities produce higher return, but also to prepare investment proposals for grant funds available along the “100 Villages” program or in other rural development programs in order to address market requirements and the implementation of the cited activities.

SCAN

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