You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Albania’s parl endorses 50.1 mln euro PPP contract for road project in Vlora region

Albania’s parl endorses 50.1 mln euro PPP contract for road project in Vlora region Author: Albanian parliament. Licence: All rights reserved.

TIRANA (Albania), July 19 (SeeNews) – Albania’s parliament said it has approved a public private partnership (PPP) contract with local company Gjikuria for the construction and maintenance of a 14.7 km long road linking the yacht port in the coastal village of Orikum to Dukat village in Vlora region.

The value of the contract amounts to 50.1 million euro ($57.3 million), exclusive of value added tax (VAT), the parliament said in a press release late on Thursday.

Gjikuria was selected in a government tender for the construction of the Orikum-Dukat road in November. Two candidates had submitted offers for awarding a 13-year concession contract on the project in southwestern Albania – Gjikuria and 4 A-M, the ministry said at the time.

The new road is expected to ease traffic in Albania's southern coastal area, give a further boost to tourism and enhance economic and cultural exchanges by reducing transportation costs.

Compare