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Gov’t concludes €240 mln PPP contract on Albania-Macedonia highway

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9 years ago
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TIRANA, Feb. 5 – The Albanian government says it has concluded long-awaited negotiations with an Albanian company over a €240 million concession contract to complete and operate a highway linking Albania to Macedonia. A decade-long project also serving the underdeveloped northern Albania Dibra region, the ‘Arbri Road’ construction and maintenance will be carried out by Gjoka Konstruksion, an Albanian-run company that is expected to invest €240 million in the next four years under a 13-year public private partnership deal spanning from 2018 to 2031. The Albanian company is expected to secure financing on the highway’s construction on its own and…

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