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Islamic Finance Briefing - Categorized | Banking, Finance more

Albania gets $223 mln loan from Islamic bank

Posted on 08 April 2011

The Islamic Development Bank has granted a $222.7 million (156 million euros) loan to Albania for building a road linking the capital with the southern town of Elbasan, the finance ministry said Thursday.

“The loan will be used for financing the construction of the road between Tirana and Elbasan, with a total cost of $400 million and which will shorten the distance between our two towns to around 26 kilometres (15 miles),” the ministry said in a statement……………………………………..Full Article: Source

 
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