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Albania, World Bank negotiate on 150-mln-USD road project: report

Xinhua, January 23, 2017 Adjust font size:

Albania and the World Bank are concluding an agreement on a 150-million-U.S.-dollar project aimed at improving maintenance of roads in Albania, local media reported on Sunday.

Citing sources from the Albanian Ministry of Infrastructure, the report said the Albanian government and World Bank will likely hire four companies to maintain 1,300 kilometers of national roads in northern, northeastern, central-southeastern and southern Albania.

The Albanian Road Authority has already finalized the tenders for three of the companies and it is about to sign the contracts, according to the reports.

The World Bank will fund half of the cost of this project, which is expected to reduce Albania's road accidents by 15 percent. Endit