ECONOMY

Italian aid and loans to Albania

TIRANA (SeeNews) – Albania will get 77.23 million euros in Italian loans and grants for projects in the power sector, road construction, food safety and environment protection, the Albanian government said. Italy’s Foreign Ministry has recently approved 73.2 million euros in loans and 4.03 million euros in grants for six projects in Albania, the government’s press office quoted Italian Ambassador to Tirana Attilio Massimo Iannucci as saying in a letter to Albanian Prime Minister Sali Berisha. Italy will lend 51.5 million euros for a project for the restructuring, upgrade and integration of the country’s power grid into the regional power network. Another 30 million euros will go for the construction of a power substation in Tirana and of a 400KV power line between Tirana and Elbasan. Grants ranging from 271,000 euros to 746,000 euros will go to environment protection, beekeeping and women’s social support projects.