Tunisia: EIB lends 163 million Euros for roads

29 June 2011

June 26: The European Investment Bank (EIB) has signed a finance agreement totaling 163 million Euros with Tunisia to co-finance a road modernization program.

The aim is to improve the urban road infrastructure throughout Tunisia by carrying out seven projects to construct intersections and rearrange crossroads, plus five projects to widen roads and to construct new lanes.

The program also includes several measures to improve road safety and to renovate roads classified as regional, reports the press release of the meeting, reported by the newspaper La Presse.

Mr. De Fontaine Vive, president of the EIB, explained that the institution was thus contributing its technical and financial expertise to help Tunisia in its democratic, economic and social transition.

"This first financing post-Deauville is highly symbolic. It is the concrete expression of our commitment towards the people of Tunisia. Our mission is to bring the young generation new prospects for the future", he added, quoted by the newspaper African Manager.

Categories: Transport

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