World Bank extends USD71m loan for tourism infrastructure in Albania

The World Bank has extended a USD71m loan to the Albanian government to upgrade the tourism infrastructure in the southern part of the country, according to a press release. The loan will finance infrastructure projects in the southern Albanian towns of Saranda and Permet as well as the UNESCO World Heritage sites Berat and Gjirokaster. Some funds will also go for creating tourism products and site management plans. The World Bank director for the Western Balkans Ellen Goldstein warned against overdevelopment at the sites. Tourism accounts for around 6% of Albania's GDP.

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