Germany giving $55 million to Albania for power gridStaff Writer | July 27, 2016
Germany is lending 50 million euros ($55 million) to Albania to help it build a power line with neighboring Macedonia.
Help The loan terms were not disclosed
The European Union is also providing 14 million euros while the domestic power distribution company is investing five million euros.
Construction of the three-year project is expected to start in January 2017.
Germany has been Albania's main bilateral donor since the countries re-established diplomatic ties in 1988, lending 810 million euros for a variety of projects. ■