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

  • New African bridge and highway connections
    May 6, 2021
    New African bridge and highway connections are being planned.
    Read More
  • Key highway concession in US
    August 9, 2012
    Work on an extension to the express lanes on the I-95 Interstate highway in the US will be carried by Fluor Enterprises and the Transurban Group. The two companies have a 76 year concession package to operate and maintain the toll road infrastructure for the section of I-95 under a joint venture arrangement, 95 Express, The 147km stretch of express lanes on the I-95 highway will be owned by The Virginia Department of Transportation (VDOT) however.
    Read More
  • Mostotrest won another tender for building of Moscow-St Petersburg highway
    February 20, 2014
    The award for a key stretch of the Moscow-St Petersburg highway has been awarded - Eugene Gerden writes As expected by analysts, Mostotrest, owned by the Rotenberg brothers, won the tender for the construction of the sixth and longest section of the Moscow-St Petersburg highway. Under the conditions of the tender the company will build 209km of the highway (334-543km), which will pass through the Tver and Novgorod regions of Russia. The cost of construction is 144.6 billion Rubles (US$4.51 billion), 16 bill
    Read More
  • Uruguay’s transport investment is seeing major gains
    August 1, 2017
    Uruguay’s road development programme will help deliver economic growth for the future - Gordon Feller reports. Uruguay is embarking on a new nationwide programme to rehabilitate 890km of roads, and the government intends to improve an additional 260km of dangerous highways and roads. This three-year programme aims to reduce traffic accidents, in part thanks to a US$70 million loan recently authorised by the World Bank’s board of directors. The new operation uses a special financing instrument known as “Prog
    Read More

Highlighted Content