Skip to main content

Funding found for Tunisia road deal

Funding for a new highway project in Tunisia is being provided by the African Development Bank. The funding comes in the shape of a loan worth US$145.8 million. The new highway will be sited in the north of the country and its construction is expected to help develop transport and trade and to boost the country’s economy.
December 1, 2017 Read time: 1 min

Funding for a new highway project in Tunisia is being provided by the 1586 African Development Bank. The funding comes in the shape of a loan worth US$145.8 million. The new highway will be sited in the north of the country and its construction is expected to help develop transport and trade and to boost the country’s economy.

For more information on companies in this article

Related Content

  • African Development Bank funds road to Africa’s largest wind farm
    February 20, 2014
    Shem Oirere discusses a new road connecting with a wind farm development in Kenya The African Development Bank will provide 45% of the funding needed for the rehabilitation and rebuilding of a new 200km road which leads to Africa's largest wind farm project, located in northern Kenya. The bank said the $13.5 million grant for rehabilitation of the existing Laisamis – Ngurunit – llaut - South Horr – Loyangalani road- will be provided by the Government of the Netherlands. The bank says works on the road will
  • A bridge of hope?
    July 18, 2012
    As Russia prepares for a major Asia Pacific conference in nearly four years' time, the economic climate is felt in other countries in the region. Patrick Smith reports AUS$1 billion-plus suspension bridge is to be built to link the city of Vladivostok in the far east of Russia and Russky Island. Russia's President Dmitry Medvedev has signed an instruction for construction of the 3,150m long bridge, which is intended to provide access to the 24th Asia Pacific Economic Cooperation (APEC) summit, to be held o
  • New ocean-ocean highway link proposed for Nicaragua
    October 7, 2014
    A major highway project in Nicaragua is coming closer to fruition. The new link would cross the country, connecting its Caribbean and Pacific Ocean coasts. The Central American Bank for Economic Integration (CABEI) has been called upon to approve a US$150 million loan at the end of October 2014 to part finance the scheme. Meanwhile funds worth $39 million have already been approved for the Rio Blanco-Mulukuku section of this road, which has been put out to tender. The $150 million CABEI loan would be put to
  • EBRD funds road upgrades in Alba Iulia
    August 31, 2023
    The Romanian city will get improvements to 15km of roads and officially joins the Green City programme of the European Bank for Reconstruction and Development - EBRD.