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

  • Serbia road project, funding secured
    February 19, 2019
    Construction of the 77km-long Merdare-Nis highway in Serbia is to benefit from external financing. A funding package worth €100 million is being supplied by the European Investment Bank (EIB) for the project. The funding will pay for work on a stretch of the route between Plocnik and Nis in southern Serbia. The highway will improve transport connections with neighbouring Kosovo when it is complete. This project forms part of a series of road building operations in the region, with extensive work having been
    Read More
  • Kenya’s elevated highway gets a green light from the World Bank
    August 18, 2016
    The World Bank agreed to finance construction of Kenya’s first double deck highway, according to media reports. Construction is set to begin by the end of this year on the toll road to link Jomo Kenyatta International Airport and the Nairobi-Nakuru highway. Peter Mundinia the director-general of the Kenya National Highways Authority, explained that construction of the all-elevated dual carriageway will be in three phases. The first will begin with 6.5km running from the airport to Likoni Road and the
    Read More
  • Italy: Astaldi takes out loan for Turkish motorway project
    June 18, 2015
    Italian civil engineering group Astaldi has underwritten a €4.5 billion (US$5 billion) loan towards the Turkish motorway project of Gebze-Orhangazi-Izmir, which is worth an overall €5.65 billion ($6.4 billion). According to the La Repubblica newspaper, the loan facility will be used to complete the 301km last stretch of the motorway and link the city of Bursa, south of the Sea of Marmara, and the Aegean port of Izmir. Part of the loan will be used to refinance stretches that are under construction for
    Read More
  • Poland bidders angry over Astaldi win for Warsaw Ring Road work
    June 18, 2015
    Four groups that made bids for building the southern section of the Warsaw Ring Road have filed complaints about how the national road authority GDDKiA chose Astaldi as the winner. Companies appealing to the National Board of Appeal (KIO) are Impresa Pizzarotti, Porr Polska, Salini Polska and IDS-BUD. The offer made by Italian company Astaldi was at least 25% less than the estimated €391 million cost of the project, according to Polish media reports. World Highways reported in February that Astaldi
    Read More

Highlighted Content