Africa bank loans Tunisia $112m for roads infrastructure

New Economy and Planning Minister Samir Saied (at the rostrum) takes oath as President of Tunisia Kais Saied (R) attends the swearing-in ceremony at the Presidential Palace of Carthage in Tunis, Tunisia on October 11, 2021 [Tunisian Presidency/Anadolu Agency]

Tunisia announced that it had received $112 million in loans from the African Development Bank (AfDB) to finance the construction of the country’s roads.

Economy minister, Samir Saied, said the agreement was signed during a meeting with Director of the AfDB Tunis office, Mohamed Al-Azizi.

“The agreement includes funding for the road infrastructure development programme at a value of $112 million,” Saied said in a statement, adding that the funding was the “second part of a loan to intensify economic activity between the interior governorates and coastal counties.”

“The programme is one of the government’s priorities to improve living conditions, revitalize economic conditions, and pave the way for educated youth to establish small enterprises,” Saied explained.

On his part, Al-Azizi said the AfdB was “ready to continue to support Tunisia in implementing its reform and development programmes.”

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