Bantu Gazette
  • Black Frame Studio
  • Magazine
No Result
View All Result
Bantu Gazette
  • Black Frame Studio
  • Magazine
No Result
View All Result
Bantu Gazette
No Result
View All Result

Tunisia Secures €80 Million Loan for Road Infrastructure Modernization

Tunisia Secures €80 Million Loan for Road Infrastructure Modernization
Sebastien Marangaby Sebastien Maranga
January 7, 2025
Reading Time: 3 mins read

Tunisia Secures €80 Million Loan for Road Infrastructure Modernization

Tunisia Secures €80 Million Loan for Road Infrastructure Modernization
Tunisia Secures €80 Million Loan for Road Infrastructure Modernization
Sebastien Marangaby Sebastien Maranga
July 16, 2025
Reading Time: 3 mins read

TUNIS, Tunisia (BG) — The African Development Bank (AfDB) has approved a €80.16 million loan to Tunisia to finance the third phase of the country’s Road Infrastructure Modernization Project (PMIR), the Bank announced in a statement on Tuesday.

The project, which will run from 2025 to 2030, aims to upgrade 188.9 kilometers (117 miles) of classified roads across seven governorates: Kef, Kasserine, Sousse, Sfax, Kairouan, Siliana, and Gafsa.

These areas face transport constraints due to deteriorated road conditions, limiting their economic potential.

According to the statement, the Bank’s Board approved the loan of Directors on Dec. 9, 2024. The AfDB covers 92.98% of the project’s total cost, with a supporting contribution of €6.05 million from the Tunisian government.

Enhancing Tunisia’s Transport Network

The modernization project is expected to significantly improve the quality of Tunisia’s road network, creating a more efficient and sustainable transport system.

 This upgrade will ease the movement of goods and people within and between regions, facilitating economic growth and improving connectivity to areas of high agricultural value.

“The Bank’s intervention will also benefit micro-enterprises focused on road maintenance, enabling infrastructure to be maintained over the long term, while at the same time creating market opportunities for entrepreneurs,” Solomon Quaynor, AfDB Vice President for Private Sector, Infrastructure, and Industrialization, said.

Socioeconomic Benefits

Tunisia’s transport sector is vital to the national economy, contributing approximately 5% of GDP and employing 160,000 people directly and indirectly.

The road upgrades are expected to foster private sector growth, support local small- and medium-sized enterprises (SMEs), and create jobs, particularly for young people.

The program also aims to alleviate poverty in vulnerable regions by improving road infrastructure quality in disadvantaged areas, including border regions with Algeria.

These upgrades will enhance regional economic integration and balance infrastructure development between urban and rural areas.

Supporting Tunisia’s Food Security, Long-Term Vision

The upgraded roads will strengthen Tunisia’s food security by improving access to agricultural regions. This will be achieved by developing agrarian value chains supported by the private sector.

The initiative aligns with the Bank’s commitment to enhancing food systems and rural economies across Africa.

The project is part of AfDB’s broader Ten-Year Strategy (2024–2033) under its “High 5” priorities, specifically “Integrating Africa” and “Improving the quality of life for people in Africa.”

Over the past decade, AfDB has helped modernize approximately 4,000 kilometers (2485 miles)of roads and 104 kilometers (64.5 miles) of motorways in Tunisia.

Quaynor added that this phase of the modernization program will “improve prospects for the private sector and local SMEs, as well as creating new jobs for young people.”

The Bank’s vision for this initiative is to build a prosperous, inclusive, resilient, and integrated Africa.

PMIR aims to improve and promote an efficient, high-quality transport system to sustain growth and create conditions conducive to enhanced export competitiveness.

Get the inside Story

Stay informed on the stories shaping Africa’s future. Get breaking news, in-depth analysis, opinions and exclusive insights from across the continent delivered to your inbox, free and unfiltered.


Related Posts

AU: Africa Loses $88 Billion Annually to Illicit Flows
Finance

4 African Countries Removed from Global Illicit Finance Watchlist

October 30, 2025
Angola Secures $124M for Youth Jobs and Entrepreneurship Boost
Finance

Angola Secures $124M for Youth Jobs and Entrepreneurship Boost

October 26, 2025
AU: Africa Loses $88 Billion Annually to Illicit Flows
Finance

AU: Africa Loses $88 Billion Annually to Illicit Flows

October 4, 2025
Sidi Ould Tah, the New Face of the African Development Bank
Finance

‘Africa Is Watching. The Youth Are Waiting. It Is Time for Action’

September 2, 2025
Ethiopia, Dangote Group Sign $2.5B Fertilizer Complex Deal
Finance

Ethiopia, Dangote Group Sign $2.5B Fertilizer Complex Deal

September 5, 2025
Nigeria Launches $500 Million Climate Finance Platform
Environment

Nigeria Launches $500 Million Climate Finance Platform

July 16, 2025

Most Recent

Zimbabwe Emerges as Top Travel Spot for 2025
Tourism & Culture

Zimbabwe Emerges as Top Travel Spot for 2025

by Naledi Kgosi
November 10, 2025
0

Zimbabwe has been named the top travel destination for 2025 by Forbes, following a sharp rise in interest from international...

Read moreDetails
Kenya to Recruit 20,000 Teachers as Education Investments Pay Off

Kenya Introduces School Fees as Malawi Declares Free Education

November 10, 2025
Ethiopia Launches First Electronic Passport, Marking New Era in Secure Travel

Ethiopia’s New E-passport Earns Global Design Honor

November 10, 2025
South Africa’s G20 Presidency a Catalyst for Energy Investment in Africa

G20 Report Warns of Rising Inequality, Urges Global Action

November 5, 2025
Namibia Deepens Regional Ties Through Trade and Energy

Namibia Repays $750 Million Eurobond, Largest Debt Maturity in Its History

November 4, 2025
Mali Unveils 2nd Lithium Mine as Part of Economic Sovereignty Push

Mali Unveils 2nd Lithium Mine as Part of Economic Sovereignty Push

November 5, 2025
$1.5 Billion Fund Targets Infrastructure Projects Across Africa

$1.5 Billion Fund Targets Infrastructure Projects Across Africa

November 5, 2025
Zimbabwe Emerges as Top Travel Spot for 2025
Tourism & Culture

Zimbabwe Emerges as Top Travel Spot for 2025

by Naledi Kgosi
Reading Time: 1 min read
November 10, 2025
0

Zimbabwe has been named the top travel destination for 2025 by Forbes, following a sharp rise in interest from international...

Read moreDetails
Kenya to Recruit 20,000 Teachers as Education Investments Pay Off
Politics & Economy

Kenya Introduces School Fees as Malawi Declares Free Education

by Jane Mukami
Reading Time: 1 min read
November 10, 2025
0

Kenya will begin charging public senior secondary school students an annual fee of KSh 53,554 (approximately $414) starting in 2026,...

Read moreDetails
Ethiopia Launches First Electronic Passport, Marking New Era in Secure Travel
Tourism & Culture

Ethiopia’s New E-passport Earns Global Design Honor

by Maraki Desta
Reading Time: 1 min read
November 10, 2025
0

Ethiopia's recently introduced electronic passport has won the 2025 Red Dot Award for Brands and Communication Design, according to Selamawit...

Read moreDetails

Tunisia Secures €80 Million Loan for Road Infrastructure Modernization

Tunisia Secures €80 Million Loan for Road Infrastructure Modernization

TUNIS, Tunisia (BG) — The African Development Bank (AfDB) has approved a €80.16 million loan to Tunisia to finance the third phase of the country’s Road Infrastructure Modernization Project (PMIR), the Bank announced in a statement on Tuesday.

The project, which will run from 2025 to 2030, aims to upgrade 188.9 kilometers (117 miles) of classified roads across seven governorates: Kef, Kasserine, Sousse, Sfax, Kairouan, Siliana, and Gafsa.

These areas face transport constraints due to deteriorated road conditions, limiting their economic potential.

According to the statement, the Bank’s Board approved the loan of Directors on Dec. 9, 2024. The AfDB covers 92.98% of the project’s total cost, with a supporting contribution of €6.05 million from the Tunisian government.

Enhancing Tunisia’s Transport Network

The modernization project is expected to significantly improve the quality of Tunisia’s road network, creating a more efficient and sustainable transport system.

 This upgrade will ease the movement of goods and people within and between regions, facilitating economic growth and improving connectivity to areas of high agricultural value.

“The Bank’s intervention will also benefit micro-enterprises focused on road maintenance, enabling infrastructure to be maintained over the long term, while at the same time creating market opportunities for entrepreneurs,” Solomon Quaynor, AfDB Vice President for Private Sector, Infrastructure, and Industrialization, said.

Socioeconomic Benefits

Tunisia’s transport sector is vital to the national economy, contributing approximately 5% of GDP and employing 160,000 people directly and indirectly.

The road upgrades are expected to foster private sector growth, support local small- and medium-sized enterprises (SMEs), and create jobs, particularly for young people.

The program also aims to alleviate poverty in vulnerable regions by improving road infrastructure quality in disadvantaged areas, including border regions with Algeria.

These upgrades will enhance regional economic integration and balance infrastructure development between urban and rural areas.

Supporting Tunisia’s Food Security, Long-Term Vision

The upgraded roads will strengthen Tunisia’s food security by improving access to agricultural regions. This will be achieved by developing agrarian value chains supported by the private sector.

The initiative aligns with the Bank’s commitment to enhancing food systems and rural economies across Africa.

The project is part of AfDB’s broader Ten-Year Strategy (2024–2033) under its “High 5” priorities, specifically “Integrating Africa” and “Improving the quality of life for people in Africa.”

Over the past decade, AfDB has helped modernize approximately 4,000 kilometers (2485 miles)of roads and 104 kilometers (64.5 miles) of motorways in Tunisia.

Quaynor added that this phase of the modernization program will “improve prospects for the private sector and local SMEs, as well as creating new jobs for young people.”

The Bank’s vision for this initiative is to build a prosperous, inclusive, resilient, and integrated Africa.

PMIR aims to improve and promote an efficient, high-quality transport system to sustain growth and create conditions conducive to enhanced export competitiveness.

Tunisia Secures €80 Million Loan for Road Infrastructure Modernization

Tunisia Secures €80 Million Loan for Road Infrastructure Modernization
Sebastien Marangaby Sebastien Maranga
January 7, 2025

TUNIS, Tunisia (BG) — The African Development Bank (AfDB) has approved a €80.16 million loan to Tunisia to finance the third phase of the country’s Road Infrastructure Modernization Project (PMIR), the Bank announced in a statement on Tuesday.

The project, which will run from 2025 to 2030, aims to upgrade 188.9 kilometers (117 miles) of classified roads across seven governorates: Kef, Kasserine, Sousse, Sfax, Kairouan, Siliana, and Gafsa.

These areas face transport constraints due to deteriorated road conditions, limiting their economic potential.

According to the statement, the Bank’s Board approved the loan of Directors on Dec. 9, 2024. The AfDB covers 92.98% of the project’s total cost, with a supporting contribution of €6.05 million from the Tunisian government.

Enhancing Tunisia’s Transport Network

The modernization project is expected to significantly improve the quality of Tunisia’s road network, creating a more efficient and sustainable transport system.

 This upgrade will ease the movement of goods and people within and between regions, facilitating economic growth and improving connectivity to areas of high agricultural value.

“The Bank’s intervention will also benefit micro-enterprises focused on road maintenance, enabling infrastructure to be maintained over the long term, while at the same time creating market opportunities for entrepreneurs,” Solomon Quaynor, AfDB Vice President for Private Sector, Infrastructure, and Industrialization, said.

Socioeconomic Benefits

Tunisia’s transport sector is vital to the national economy, contributing approximately 5% of GDP and employing 160,000 people directly and indirectly.

The road upgrades are expected to foster private sector growth, support local small- and medium-sized enterprises (SMEs), and create jobs, particularly for young people.

The program also aims to alleviate poverty in vulnerable regions by improving road infrastructure quality in disadvantaged areas, including border regions with Algeria.

These upgrades will enhance regional economic integration and balance infrastructure development between urban and rural areas.

Supporting Tunisia’s Food Security, Long-Term Vision

The upgraded roads will strengthen Tunisia’s food security by improving access to agricultural regions. This will be achieved by developing agrarian value chains supported by the private sector.

The initiative aligns with the Bank’s commitment to enhancing food systems and rural economies across Africa.

The project is part of AfDB’s broader Ten-Year Strategy (2024–2033) under its “High 5” priorities, specifically “Integrating Africa” and “Improving the quality of life for people in Africa.”

Over the past decade, AfDB has helped modernize approximately 4,000 kilometers (2485 miles)of roads and 104 kilometers (64.5 miles) of motorways in Tunisia.

Quaynor added that this phase of the modernization program will “improve prospects for the private sector and local SMEs, as well as creating new jobs for young people.”

The Bank’s vision for this initiative is to build a prosperous, inclusive, resilient, and integrated Africa.

PMIR aims to improve and promote an efficient, high-quality transport system to sustain growth and create conditions conducive to enhanced export competitiveness.

Get the inside Story

Stay informed on the stories shaping Africa’s future. Get breaking news, in-depth analysis, opinions and exclusive insights from across the continent delivered to your inbox, free and unfiltered.


Related Posts

AU: Africa Loses $88 Billion Annually to Illicit Flows

4 African Countries Removed from Global Illicit Finance Watchlist

by Samira Benhadda
October 25, 2025
0

...

Angola Secures $124M for Youth Jobs and Entrepreneurship Boost

Angola Secures $124M for Youth Jobs and Entrepreneurship Boost

by Amani Mwakalebela
October 22, 2025
0

...

AU: Africa Loses $88 Billion Annually to Illicit Flows

AU: Africa Loses $88 Billion Annually to Illicit Flows

by Jane Mukami
September 10, 2025
0

...

Sidi Ould Tah, the New Face of the African Development Bank

‘Africa Is Watching. The Youth Are Waiting. It Is Time for Action’

by Felix Tih
September 1, 2025
0

...

Ethiopia, Dangote Group Sign $2.5B Fertilizer Complex Deal

Ethiopia, Dangote Group Sign $2.5B Fertilizer Complex Deal

by Maraki Desta
August 28, 2025
0

...

Nigeria Launches $500 Million Climate Finance Platform

Nigeria Launches $500 Million Climate Finance Platform

by Sandra Ndang
May 13, 2025
0

...

Zimbabwe Emerges as Top Travel Spot for 2025
Tourism & Culture

Zimbabwe Emerges as Top Travel Spot for 2025

by Naledi Kgosi
Reading Time: 1 min read
November 10, 2025
0

Zimbabwe has been named the top travel destination for 2025 by Forbes, following a sharp rise in interest from international...

Read moreDetails
Kenya to Recruit 20,000 Teachers as Education Investments Pay Off

Kenya Introduces School Fees as Malawi Declares Free Education

by Jane Mukami
November 10, 2025
0

Kenya will begin charging public senior secondary school students an annual fee of KSh 53,554 (approximately $414) starting in 2026,...

Ethiopia Launches First Electronic Passport, Marking New Era in Secure Travel

Ethiopia’s New E-passport Earns Global Design Honor

by Maraki Desta
November 10, 2025
0

Ethiopia's recently introduced electronic passport has won the 2025 Red Dot Award for Brands and Communication Design, according to Selamawit...

South Africa’s G20 Presidency a Catalyst for Energy Investment in Africa

G20 Report Warns of Rising Inequality, Urges Global Action

by Naledi Kgosi
November 5, 2025
0

The G20 Global Inequality Report, presented Tuesday to President Cyril Ramaphosa in Cape Town, outlines a stark portrait of inequality...

Namibia Deepens Regional Ties Through Trade and Energy

Namibia Repays $750 Million Eurobond, Largest Debt Maturity in Its History

by Amani Mwakalebela
November 4, 2025
0

Namibia has fully repaid its $750 million Eurobond issued in 2015, the country’s largest-ever debt maturity, according to a government...

Next Post
President Mahama Pledges Vibrant 24-Hour Economy for Ghana

President Mahama Pledges Vibrant 24-Hour Economy for Ghana

Ugandan Legislators Advocate for Expanding Vocational Training in Prisons

Ugandan Legislators Advocate for Expanding Vocational Training in Prisons

La Guinée prévoit de connecter 2 200 écoles à Internet grâce à l’initiative GIGA

Mauritania Secures $27M to Modernize Energy Sector

Mauritania Secures $27M to Modernize Energy Sector

The editorial platform of Bantu Agency.

The editorial platform of Bantu Agency.

Our Platforms

  • Bantu Magazine
  • Bantu Brief
  • Black Frame Studio

Our Services

  • Bantu Agency
  • Advertise
  • Partnerships

Our Services

  • Editorial Director
  • Opportunities
  • Contact

The editorial platform of Bantu Agency.

Our Platforms

  • Bantu Magazine
  • Bantu Brief
  • Black Frame Studio

Our Services

  • Bantu Agency
  • Advertise
  • Partnerships

Our Services

  • Editorial Director
  • Opportunities
  • Contact
Bantu Gazette
  • Energy & Trade
  • Finance
  • Health
  • Politics & Economy
  • Technology
  • Environment
  • Feature
  • Opinion
  • Changemakers
  • Tourism & Culture
  • Magazine