AFDB APPROVES €112M LOAN FOR TUNISIA ROAD PROJECT

Tunisia secure loan for north-east connectivity road from AFDB.

The loan which is for the north-east connectivity road support project was approved by the board of the African Development Bank Group (AfDB) that will help Tunisia economy more competitive.

The project is aimed at supporting the growing demand for the traffic of goods and people in Bizerte as well as better mobility and improved connections between the northern and eastern regions of the country.

AfDB’s Director General for North Africa, Mohamed El Azizi; “This project will further improve the mobility of people and goods in Bizerte and Beja, as well as in Jendouba,”

According to him; “In due course, the port of Bizerte is expected to become the premier port in Tunisia, so strengthening the competitiveness of the country’s economy.”

The project is in line with three of the AfDB’s High 5 strategic priorities which are ‘Industrialize Africa’,‘Improve the quality of life for Africans and ‘Feed Africa’.

The total cost of the project is €277.29 million, with the European Investment Bank lending €123 million and the Government of Tunisia contributing €32.29 million.

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