Skip to main content

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.

For more information on companies in this article

Related Content

  • EBRD continues supporting infrastructure investment
    January 21, 2014
    The European Bank for Reconstruction and Development (EBRD) says it has provided strong support to emerging economies in 2013. Much of this investment has been into transportation infrastructure, which the EBRD sees as being crucial for development and to help emerge economies into growth. Total investments for the year across all of the regions where the EBRD is active amounted to €8.5 billion, according to preliminary estimates, compared with financing of €8.9 billion the previous year. These investments
  • Cubic opens London Innovation Centre
    December 16, 2015
    Cubic has opened an Innovation Centre in London with the aim of advancing mobility in urban transportation. The centre is effectively a space that can be configured to accommodate any number of business needs and will be used as a meeting venue for company employees, transport planners and operators, universities and research establishments from the UK and elsewhere. It will host discussions about all travel modes (roads, bikes, bus, walking, rail, metro, and ferry) as well as the interaction between mod
  • New motorway deal for Ireland
    May 3, 2013
    A new PPP agreement in Ireland will add a further 50km of motorway to the country’s road network. The new motorway construction will be carried out to the south of capital Dublin. The work will be carried out by the Dutch construction company BAM with financing for this PPP deal being provided by the pension fund manager PGGM. BAM and PGGM signed a PPP contract with the Irish National Roads Authority to build the new motorway links. Construction work is expected to commence in July 2013 and is due for compl
  • Kuwait's road safety route ahead
    March 5, 2012
    The Transport Ministry in Kuwait is looking to improve road safety and is at present evaluating different strategies to reduce the vehicle accident rate in the country.