Loan benefiting Tunisian highway connection

Construction work on a highway link in Tunisia will be funded by a 22 year loan being provided by the Arab Fund for Social and Economic Development (FADES).
February 29, 2012 Read time: 1 min
Construction work on a highway link in Tunisia will be funded by a 22 year loan being provided by the 3409 Arab Fund for Social and Economic Development (FADES). The US$138 million loan will be used by Tunisian roads body Société 3410 Tunisie Autoroutes (STA) to finance a portion of the work on the $312.4 million tolled highway project linking Zarga (Béja) and Bousalem (Jendouba). The project will include building and surfacing a 54km stretch, providing connection to neighbouring towns, constructing overpasses and toll stations. There is a five year grace period on the loan, and the interest rate stands at 3%/year.
Highway & Network Management Road Structures

For more information on companies in this article

Related Content

  • Croatia opens 17.5km section of Corridor 5c
    December 14, 2022
    The majority of the 5c, or Vc, route crosses Bosnia and Herzegovina and is a key priority for the European Bank for Reconstruction and Development (EBRD)
    Read More
  • India’s new highway projects finding funding
    October 20, 2016
    Funding has been found for a major highway project in India. The Asian Development Bank (ADB) is providing a substantial portion of the US$846 million of financing required for the 800km Visakhapatnam-Chennai Industrial Corridor (VCIC). In all the ADB will provide $631 million in the form of a series of grants and loans, which will be delivered in stages. Meanwhile the Indian Government will provide $215 million. The VCIC itself forms part of the 2,500km East Coast Economic Corridor (ECEC).
    Read More
  • Madagascar road project controversy
    February 13, 2025
    Controversy surrounds two road projects for Madagascar.
    Read More
  • Azerbaijan loan for Belgrade-South Adriatic motorway
    May 2, 2012
    The President of Azerbaijan, Ilham Alijev, has reportedly approved an agreement that will see Serbia receive US$407.75million for the construction of a section of the Belgrade to South Adriatic motorway. The loan for the motorway section between Ljig and Preljina will be repayable over a 15 year period, with a grace period of three years and a fixed interest rate of 4%. The construction project, which will include five tunnels and over 60 bridges, will be carried out by the Azerbaijan-based company Azvirt
    Read More

Highlighted Content