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Local company gets ‘lucrative’ €50 mln PPP for Albanian Riviera access road

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5 mins read
8 years ago
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TIRANA, Nov. 12 – Another local Albanian company has been awarded what looks like a lucrative public private partnership project to upgrade and maintain road infrastructure following an unsolicited proposal claiming it a bonus and facing no competition at a tender held last September. Albanian-owned Gjikuria has been announced the winner of upgrading a 15-km road project linking the southern Albania town of Orikum and its yachts port to the Dukat village and the Llogara Pass along the Albanian Riviera in a project that authorities say increases road safety and serves tourism development in the southern Albanian region of Vlora,…

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Story Highlights

  • A local business portal described the project's taxpayer- supported cost at €3.4 million per km, in costs that also include maintenance for 13 years, as too high for a two-lane road considering the country’s previous experience with similar roads and even highways at construction costs of about €1 million/km

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