Kuwait fund KFAED to contribute to greater Tunis X20 ring road

The Kuwait Fund for Arab Economic Development (KFAED) is to contribute US$28.5 million towards the X20 ring road of greater Tunis, according to a report in L'Economiste Maghrébin. An agreement was signed on 17 March between Yassine Brahim, the Tunisian minister for development, investment and international cooperation, and Ahmed Al Badr, the managing director of KFAED. World Highways reported in June 2013 that the government was moving ahead with plans for the 80km ring road expected to cost around $365 mil
March 18, 2015 Read time: 2 mins
RSSThe 1006 Kuwait Fund for Arab Economic Development (KFAED) is to contribute US$28.5 million towards the X20 ring road of greater Tunis, according to a report in L'Economiste Maghrébin.

An agreement was signed on 17 March between Yassine Brahim, the Tunisian minister for development, investment and international cooperation, and Ahmed Al Badr, the managing director of KFAED.

World Highways reported in June 2013 that the government was moving ahead with plans for the 80km ring road expected to cost around $365 million. Tunisia is being connected to the new North African highway, which will run 5,600km from Morocco to Egypt.

Tunisia, like many North African nations, has a comparatively high accident rate on its roads. The capital Tunis featured the largest number of road crashes, followed by Ariana, Manouba, Ben Arous, Sousse, Bizerte, and Nabeul. Driver inattention was listed as a major cause of crashes and the number resulting from this problem increased 9.5% in the first four months of 2013.
Finance & Funding

For more information on companies in this article

Related Content

  • India road projects being carried out
    July 26, 2017
    The Indian Government has plans to redevelop road infrastructure links in the north east of the country. Planned spending of US$31.1 billion will be used to improve and upgrade the road network in the area by 2019. Plans have been drawn up by India’s National Highways and Infrastructure Development Corp Ltd (NHIDCL) and by the Public Works Department of states.
    Read More
  • Mexico cutting motorway budget
    February 23, 2015
    Mexico is cutting its planned motorway construction budget. The country's Secretariat for Transport and Communications (SCT) has said the budget will be cut by US$268.8 million, a reduction of 17% from the figure planned originally. The 130 different projects that were to have been carried out under the original budget will still be built, but a number may be delayed. Road construction has been a key priority for this government in Mexico. In all some 46 new motorways will have been constructed by the prese
    Read More
  • ADM and the Arab Fund sign $104 million Moroccan motorway financing agreement
    September 30, 2014
    The Arab Fund for Economic and Social Development and the Moroccan motorway authority ADM (Autoroutes du Maroc) have signed a US$103.67 million loan that will help finaance of the Safi-El Jadide motorway. The highway is planned to open to traffic during 2015. With this loan, financing is now complete for the 140km project, which will cost US$553 million in total.
    Read More
  • Mexico opening highway tender process
    March 16, 2015
    Four highway concessions will be due for tender shortly. The country’s Secretariat for Communications and Transport (SCT) is working on these four motorway concessions and intends to open the tender process in the next few months. The highway projects being considered for tender include a new link Indios Verdes and Santa Clara, the Las Varas-Puerto Vallarta connection, the Tulum highway and Orizaba highway. SCT recently put the Hermosillo highway project out to tender recently and this is generating interes
    Read More

Highlighted Content