Hashemite Kingdom of Jordan

As Salt Ring Road

Loan No.:

648

Interest Rate:

2.5 %

Beneficiary:

Ministry of Public Works and Housing

Grace Period:

7 years

Project Cost:

KD 37.8 million

Maturity:

30 years

Amount of Loan:

KD 14.0 million

Repayment:

47 semi-annual installments

Date of Loan Agreement:

11/07/2017

First Installment:

7 years following the first disbursement

Date of Effectiveness:

24/08/2017


Objectives:

The project aims at improving land transportation services on the main road network in the city of As Salt and the surrounding areas. The project also aims at accommodating and diverting part of the increasing traffic within the city center and the traffic transiting through it, in addition to reducing traffic congestion and accidents.

Description:

The project, which is expected to be completed by the end of 2020, consists of the construction of a ring road around the city of As Salt with a total length of about 22 km. The project comprises the following main components:

  1. Road Construction: This consists of the civil works related to the construction of the road, including earthworks, laying of foundations, pavement layers, structural construction works for interchanges, necessary bridges and tunnels at the intersections with secondary roads, in addition to the service and lighting networks, and all necessary complementary works. The project execution has been divided into three sections, as follows:
    1. Western Section: This includes the execution of the part located west of As Salt, which extends from its intersection with the existing road As Salt Amman in the north to its intersection with the road leading to Balqa Applied University in the south, with a total length of about 8 km.
    2. Southern Section: This includes the execution of the part located south of As Salt, which begins at the end of the western section and ends after the meeting point between the ring road and Wadi Shuaib road, with a total length of about 6 km.
    3. Eastern Section: This includes the execution of the part located east of As Salt, which links the end of the southern section with the existing road As Salt Amman, with a total length of about 8 km.
  2. Consultancy Services: This includes the provision of the consultancy services required for the project studies, designs and bid documents, in addition to the supervision of the works.

Financing:

The Arab Fund's loan covers about 37% of the total project cost. The Abu Dhabi Fund for Development contributed to the financing of the project with a grant equivalent to about KD 8.5 million (about 23%). The Jordanian government will cover the remaining cost of the project and any additional cost that may arise.


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