The Board of Executive Directors of the World Bank has approved a USD 85.3mn loan agreement with the Albanian government in order to finance a water sector investment project in country's largest coastal town of Durres, the bank said in a statement. Under the initiative, the authorities aim to upgrade and expand the existing water supply and sewerage network in the city. The World Bank has so far funded three water investment operations project in Durres area. These projects provided investments in the rehabilitation of the water supply network, strengthened capacities, and implemented institutional reforms.
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