Loan No: | 640 | Interest Rate: | 2.5 % |
Beneficiary: | Ministry of Equipment, Housing and Spatial Planning | Grace Period: | 5 years |
Project Cost: | KD 27.9 million | Maturity: | 30 years |
Amount of Loan: | KD 20.0 million | Repayment: | 51 semi-annual installments |
Date of Board Approval: | 2017-04-18 | First Installment: | 5 years following the first disbursement |
Date of Loan Agreement: | 2017-04-18 | Date of Loan Effectiveness: | 2017-10-26 |
Objectives:
The project aims at improving land transportation services and traffic safety on roads in the Republic of Tunisia. This will be achieved through the construction of a number of bridges on classified roads in most governorates. The project will lead to enhancement of the classified road network efficiency, alleviation of traffic bottlenecks, and improvement of traffic circulation.
Description:
The project, which is expected to be completed by the end of the second quarter of 2020, includes the construction and reconstruction of 32 bridges on classified roads in 20 out of the 24 Tunisian governorates. Among these bridges, 30 existing bridges will be demolished and reconstructed due to their inefficiency, and 2 new bridges will be constructed. The project comprises the following components:
- Execution of Works:This includes the execution of all works related to the construction and reconstruction of 32 bridges, which have a total length of about 6 km, and widths ranging between about 11 m and 15 m. The works include earthworks, foundations, reinforced concrete structures, retaining walls, side fences, bridge entrances and asphalt works, in addition to traffic safety works.
- Relocation of Utility Networks:This includes the relocation of utility networks, which include water supply and drainage, and electricity networks.
- Land Acquisition:This includes the acquisition of land required for the project execution.
- Consultancy Services:This includes the provision of required consultancy services for the preparation of project studies, designs, and tender documents, in addition to construction supervision and quality control of the works.
Financing:
The Arab Fund’s loan covers about 72% of the total project cost. The Tunisian Government will cover the remaining cost of the project and any additional cost that may arise.