Republic of Yemen
| Loan No: | 562 | Interest Rate: | 2.5 % |
| Beneficiary: | Capital Secretariat | Grace Period: | 5 years |
| Project Cost: | KD 15.0 million | Maturity: | 25 years |
| Amount of Loan: | KD 10.0 million | Repayment: | 41 semi-annual installments |
| Date of Board Approval: | - | First Installment: | 5 years following the first disbursement |
| Date of Loan Agreement: | 2011-03-06 | Date of Loan Effectiveness: | - |
Objectives:
The project aims at improving the efficiency of the main road network in the capital Sana’a, to alleviate the traffic bottlenecks on major corridors. This will be accomplished by introducing the necessary improvements to the main intersections, through grade-separation using bridges and tunnels.
Description:
The project, which is expected to be completed by the fourth quarter of 2012, comprises grade-separation of five intersections. These are: the airport road/Al-Qiyadah road, Hedda road/Abu Dhabi road, Hedda road/Djibouti road, Hedda road/Beirut road and Taez road/Abu Dhabi road. The project also involves the provision of all required technical services. The project includes the following components:
- Execution of Works: This includes civil and structural works required to construct bridges and tunnels for Hedda/Abu Dhabi, Hedda /Beirut and Taez /Abu Dhabi crossings, and construct bridges for Airport Road/Al-Qiyadah and Hedda/Djibouti crossings. It also includes auxiliary works such as electrical, drainage and traffic safety works, as well as extending and relocating the utility networks affected by the project.
- Technical Services: This includes the provision of technical services required to review the design, the traffic study and the tender documents, as well as pre-qualification of contractors, tender evaluation, and management and supervision of the project.
Financing:
The Arab Fund’s loan covers about 67% of the total project cost. The Yemeni Government will cover the remaining cost of the project and any additional cost that may arise.