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

  • Morocco motorway loan for modernisation moves
    September 20, 2024
    A US$332 million loan will help upgrade Morocco’s motorways.
    Read More
  • Investment for Brazil’s Sao Paulo ring road
    June 8, 2012
    A new loan has been approved that will help finance works on the northern stretch of the Sao Paulo ring road in Brazil. The US$1.15 billion loan is being provided by the Inter-American Development Bank (IADB). Approval for the IADB loan has come from Brazil’s Committee for Economic Affairs (CAE) at Brazil's Senate. The loan will finance construction of the Rodoanel Norte stretch of the ring road. This measures some 44km long and will connect with the west and east sections of the ring road as well as linkin
    Read More
  • Widening and upgrade for highway in Nicaragua’s capital
    January 27, 2017
    Nicaragua is continuing to develop its highway network, this time with a major project planned for the capital, Managua. A loan worth close to US$107.5 million from the Central American Bank for Economic Integration (CABEI) is to help pay for the project. The work calls for the upgrade and widening of the Pista Juan Pablo II route running through Managua. The 9.55km stretch of road will benefit from three additional lanes, helping to boost capacity and reduce congestion and delays at peak periods. Safety pr
    Read More
  • Private consortium to finance Melbourne's Peninsula Link highway
    July 13, 2012
    Not long after the recent completion of the successful EastLink project (a 39km motorway providing a vital connection for 1.5 million people in Melbourne, Australia) the Victorian Government has started work on another missing link in Melbourne's freeway network further south with the construction of Peninsula Link. Peninsula Link is a key project in the Victorian Government's AUD$38 billion (US$32 billion) Victorian Transport Plan. With a AUD$750 million (US$630 million) price tag, the project is expected
    Read More

Highlighted Content