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- Milot-Rreshen Road project
Milot-Rreshen Road project
Albania
| Borrower | Albania |
| Financing Type | Public Sector |
| Instrument | Blend Facility |
| Focus Area | Transportation |
| Approved | 19.12.2006 |
| Signed | 17.07.2007 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| Executing Agency | Ministry of Public Works, transport and Telecommunication |
| Co-financiers | IBRD, IDA, GOA |
| OPEC Fund Contribution (US$m) | 15.00 |
| Total Project Cost (US$m) | 59.18 |
This project will co-finance construction of a 26.6 km segment of the road between Milot and Rreshen. To be built as a two- lane national highway, the road will have the potential for future upgrading to a two-lane dual carriageway. At full development, the proposed corridor will provide improved access to a hinterland population of over 100,000 people in one of the poorest regions in Albania. The road will be a huge boon, in particular, for farming communities, which will be able to market their produce more easily. Other benefits include better delivery of health and education services and more accessible employment.