World Bank funding aiding Yemen highway project

The World Bank is providing a US$133.54 million grant to Yemen. The funds will help pay for construction of the first phase of a 710km long highway. This new road will connect Sa’ada in the north of the country to the port city of Aden. The highway looks likely to be constructed in three phases. The first phase will be for a 140km stretch from Aden to Taiz. The project will cost some $2 billion. Another tranche of financial backing for the project will come from the Saudi Development Fund.
June 9, 2014 Read time: 1 min
The 2332 World Bank is providing a US$133.54 million grant to Yemen. The funds will help pay for construction of the first phase of a 710km long highway. This new road will connect Sa’ada in the north of the country to the port city of Aden. The highway looks likely to be constructed in three phases. The first phase will be for a 140km stretch from Aden to Taiz. The project will cost some $2 billion. Another tranche of financial backing for the project will come from the Saudi Development Fund.
Road Structures

For more information on companies in this article

Related Content

  • Key highway upgrades for Ukraine will be funded by a World Bank loan
    October 19, 2012
    External funding will pay for maintenance and safety upgrades on Ukraine’s road network. A deal was struck between Ukraine’s state highway agency Ukravtodor and the World Bank for a loan to cover the necessary work. The US$450 million loan will provide the financing required for Ukraine’s Federal programme of road improvements. Surface quality and safety upgrades will be carried out on a series of major road links, with the Kiev - Kharkov highway section between Lubny and Poltava having been identified as a
    Read More
  • Peru project postponed for funding issue
    December 20, 2017
    The project to construct the Via Expresa road project in Peru looks likely to be further postponed. Construction of the link, in Peru’s Cusco Region, was to have commenced in the first quarter of 2017. The project was to have been partly paid for by a loan from the World Bank worth US$110 million but first payments for the funding package were delayed. The local authorities are now considering cancelling the loan package altogether and finding another funding source, although this could affect the region’s
    Read More
  • Transport plans for Indonesia
    November 28, 2012
    Indonesia’s Government is setting a US$20 billion budget for transport and energy sector development. The Indonesian Government plans to build 559km of new roads as part of a new transport infrastructure programme. Indonesia’s capital Jakarta faces a growing problem due to severe traffic congestion, which is particularly intense at peak periods. Increasing vehicle numbers in the city mean that the existing traffic problem is fast getting worse. The authorities are looking at policies to address the issue.
    Read More
  • Papua New Guinea is set for extensive road bridge work upgrades
    January 21, 2015
    Papua New Guinea is set to start road and bridge upgrades that could cost upwards of US$576 million. Work on bridges will be paid partly through agreements with the Australian Department of Foreign Affairs, amounting to around US$53 million, and the Asian Development Bank which is putting in nearly $32 million. The Australian Department of Foreign Affairs has also earmarked $101 million to upgrade of arterial roads to standard concrete in the port city of Lae, the capital of Morobe Province. Lae, the
    Read More

Highlighted Content