TIRANA (Albania), October 11 (SeeNews) – The Albanian Development Fund (ADF) said it has selected local construction company Eurokos as the winner of a tender for the restoration of the Muzak Topia road in the country's southwestern city of Berat, a UNESCO World Heritage site.
The assignment is estimated to cost 299 million leks ($2.7 million/2.4 million euro), ADF said in a statement on Wednesday. The construction works must be completed within 12 months.
The restoration of the road leading to the 13th century castle of Berat is part of a project for integrated urban and tourism development focused on Albania's south, financed with a $71 million World Bank loan, ADF added.
The project's objective is to improve urban infrastructure, enhance tourism assets, and strengthen institutional capacity to support tourism-related local economic development in selected areas, according to the World Bank.
The Albanian Development Fund (ADF) is a public agency whose mission is to encourage a sustainable, balanced and cohesive socio-economic development at local and regional level. The ADF was established at the beginning of 1993, based on an agreement between the Albanian government and the World Bank.
(1 euro = 124.787 leks)