Overview
The Albanian economy is witnessing rapid development, driven by its government's efforts to upgrade infrastructure. The ambitious development plan is based on leveraging the country's geographical location – Albania sits on the Adriatic Sea coast, and is close to major countries in Europe, the Middle East and North Africa – and stimulating key sectors, including trade, industry, transport and tourism.
The ADFD has been keen to support the Albanian government's efforts by funding a project to develop the Northern Boulevard and rehabilitate the Tirana River. The positive effects would be felt in several sectors that are poised for a greater degree of investment.
The project aims at improving the environmental conditions of the Tirana basin and the area around, whose width ranges between 60 and 120 meters, utilizing it for several purposes, the foremost of which is the construction of a ring road. In addition, the river banks would serve the commerce and tourism sectors.
