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

  • Bolivia's Santa Cruz road corridor connector project
    December 22, 2016
    Bolivia’s ambitious Santa Cruz road corridor connector project is providing an important link for the country - Gordon Feller writes The World Bank has been organising a US$230 million loan to upgrade a vital connector linking the country’s northern and southern transit corridors. Meanwhile, another $100 million is coming from Bolivia’s government.
    Read More
  • New Nigerian road and bridge transport connection
    March 3, 2020
    A new road and bridge transport connection is proposed for South East Nigeria.
    Read More
  • Russia to commission new Moscow-St Petersburg highway by 2020
    June 20, 2017
    Final delivery of the final stretch for Russia’s key highway project looks set to be delayed – Eugene Gerden writes. I now looks as if Russia’s most ambitious project in the field of road building in recent years, the building of a new high-speed road link between Moscow and St Petersburg, the country’s largest cities, will not be complete in time. The project was set up by the Russian government and several private investors. According to initial state plans, building of the new road should have been compl
    Read More
  • Bolivia’s latest highway project is underway
    May 29, 2018
    Bolivia’s new highway project will improve connections with Brazil and Chile – Mauro Nogarin reports. Work is underway on Bolivia’s new Rurrenabaque – Riberalta highway project, which will boost connectivity for the country. The project is being coordinated by the Bolivian Highway Administration (ABC), with an Eximbank loan of US$579.4 million providing the financing for 85% of the work. The remaining 15% of the funding will come from the Beni Department’s budget, where the route is being built. Located in
    Read More

Highlighted Content