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- Operations
- Fushe Kruja Cement Factory Project
Fushe Kruja Cement Factory Project
Albania
| Borrower | Fushe Kruje Cement Factory, Albania |
| Financing Type | Private Sector & Trade Finance |
| Instrument | Private Sector Debt |
| Focus Area | Industry |
| Approved | 16.06.2004 |
| Signed | 20.09.2004 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| Co-financiers | EBRD, IFC, Alpha Bank , New Sponsor's Equity, Internal Cash, Existing Equity |
| OPEC Fund Contribution (US$m) | 8.00 |
This project, one of the largest private sector investments in the country, will enable the Fushe Kruje Cement Factory to expand and modernize its production plant. This will, in turn, reduce Albania’s reliance on imported cement products and deliver much-needed relief to the country’s balance of payments. There will also be long-term and permanent job creation together with technology and skill transfer leading to increased growth and economic development.