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Africa Development Bank approves US$210mn for road infrastructure

Posted on : Thursday , 5th November 2015

 The board of directors of Africa Development Bank (AfDB) has approved funding of more than US$210mn to support road infrastructure projects in Tunisia

Tunisia Road Rusty Clark Wikimedia CommonsThe road project is expected to help reduce road accidents and improve road infrastructure resilience. 
Tunisia’s Road Infrastructure Modernisation Project (PMIR) seeks to rehabilitate 719 km of classified roads, mainly in the country’s inland (West, Centre-West and North-West) governorates.
The project will also undertake periodic maintenance of 2,500 km of classified roads that were upgraded under previous road projects funded by AfDB, the Tunisian government and other donors over the past decades.
In line with Tunisia’s road network upgrading priority programme, PMIR is expected to improve user mobility on the classified road network by reducing transport constraints resulting from the narrowness and structure of carriageways. It will also help to protect the existing road network, while fostering intra- and inter-regional trade and reducing regional social disparities, as well as help reduce road accidents and improve road infrastructure resilience to the effects of climate change.
AfDB’s support comprises a US$158.32mn loan from the bank, another US$50.71mn in loan from the Africa Growing Together Fund and a grant of US$1.68mn from the Middle Income Countries Technical Assistance Fund.

Source : africanreview.com

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