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Signature(s)

Amount
€ 35,000,000
Countries
Sector(s)
Albania : € 35,000,000
Transport : € 35,000,000
Signature date(s)
11/06/2012 : € 35,000,000
Link to source
Data sheet

Summary sheet

Release date
23 May 2008
Status
Reference
Signed | 11/06/2012
20070204
Project name
Promoter - financial intermediary
Fier Bypass

Ministry of Public Works, Transport and Telecommunications

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 26 million.
EUR 64 million.
Location
Sector(s)
Description
Objectives

The project involves the construction of a 19.5 km bypass expressway between the Northern entrance of Fier and Levan in the South on the major North – South axis in Albania.

This project will provide the missing link on the North-South (Durres-Vlore) corridor and will reduce traffic congestion in Fier by bypassing in the city.

Environmental aspects
Procurement

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 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. 

 

Link to source
Summary sheet

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).

News & Stories

Link to source

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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