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

  • US$3.6 billion highway project for Kenya
    June 12, 2024
    A US$3.6 billion highway project is planned for Kenya.
    Read More
  • Trans-Sumatra costs reach $1.7 billion, according to Hutama Karya
    November 14, 2016
    The cost for completing the three toll road sections of the Trans-Sumatra project will be almost US$1.7 billion, according to a major Indonesian construction firm. Hutama Karya is working on the 140km stretch from Bakauheni-Terbangi Besar, the 28km Palembang-Simpang Indralya section and the 18km Medan-Binjai stretch, said the company’s managing director, Gusti Ngurah Putera The Trans-Sumatran Highway is the primary north-south road, running around 2,500km on the island of Sumatra. It connect the north
    Read More
  • Colombia: New decree allows pension funds to finance 4G projects
    June 25, 2015
    Columbian president Juan Manuel Santos Colombia has said pension fund money could help finance the country’s ambitious 4G motorway projects. Columbia has 35 road projects underway costing more than US$11.7 billion, including the first two 4G tender waves with six public-private partnerships that have already been approved. During a banking convention held in the coastal city of Cartagena in mid-June, Banco Davivienda president Efrain Forero lending capacity studies have been completed for 4GH projects
    Read More
  • Chinese firm wins highways expansion project to decongest Nairobi
    January 5, 2017
    A Chinese contractor is carrying out a major road project intended to cut congestion in Kenyan capital Nairobi – Shem Oirere writes Chinese contractor China Wu Yi has won a US$163 million contract for the reconstruction and expansion of a 25km highway leading out of Kenya’s capital Nairobi with financing from the World Bank. The contract was awarded by the country’s National Highways Authority (KeNHA), a state-owned road agency responsible for the management, development, rehabilitation and maintenance of i
    Read More

Highlighted Content