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

  • Malaysia actions Pan Borneo highway projects
    December 20, 2016
    Malaysia is pushing ahead with a series of construction projects that will form sections of the Pan Borneo Highway in Sarawak. Work will go ahead on eight sections of this important route and this will form phase one of the project, with the cost anticipated as some US$3.05 billion. The eight packages consist of the 95km stretch from Sematan to Sungai Moyan Bridge, an 89km stretch connecting Pantu Interchange with Batang Skrang and the 80km section from Sungai Tangap Interchange to the Pujut Link Road. They
    Read More
  • Tanzania road development projects being planned
    March 24, 2017
    A series of major road projects are now being planned in Tanzania, with funding sources for much of the work having been identified and secured. The largest of these is being delivered with a World Bank loan worth US$425 million, which will help pay for transport improvements in Tanzania’s capital, Dar es Salaam.
    Read More
  • Crash climb in Germany while KSI figures fall
    July 4, 2014
    Official data from the German Federal Statistical Office (Destatis) reveals that in 2013, the country had the highest number of crashes since reunification. In all some 2.4 million crashes were reported to police, an increase of 0.5% from the figures recorded for 2012. But while the number of crashes grew, the number of fatalities on German roads fell to 3,339, a drop of 7.3% from 2012. This is the lowest annual road fatality rate since the country commenced compiling official records in 1953. Meanwhile the
    Read More
  • Tunisia: Kairouan-Sousse motorway tender due in September
    March 18, 2015
    The invitation to tender for the Kairouan-Sousse motorway will be issued in early September, according to Tunis Afrique Press. Mohamed Salah Arfaoui, the Tunisian Minister for Infrastructure, Housing and Territorial Development, made the announcement, saying that the project is expected to cost around US$70 million. Financing will be aided by the World Bank, he added. Meanwhile, construction started in November on the last part of the Trans-Sahara Highway connecting the Algerian capital Algiers to the Niger
    Read More

Highlighted Content