HPR passes loan agreement between Tunisia and AFESD

19 January 2016 TUNIS, (TAP) - The House of People's Representatives (HPR) passed at a plenary session on Tuesday a draft law on a 325 million-Tunisian-dinar (MTD) loan agreement between Tunisia and the Arab Fund for Economic and Social Development (AFESD) to develop the network of classified roads and rural tracks.The objective of the project is to improve land transport services through the cons

  
19 January 2016
TUNIS, (TAP) - The House of People's Representatives (HPR) passed at a plenary session on Tuesday a draft law on a 325 million-Tunisian-dinar (MTD) loan agreement between Tunisia and the Arab Fund for Economic and Social Development (AFESD) to develop the network of classified roads and rural tracks.

The objective of the project is to improve land transport services through the consolidation of nearly 630 km of classified roads in 19 governorates, besides the development of 630 km of rural roads in 9 governorates.

The project cost is 520 million dinars and AFESD will contribute with a 325-MTD loan.

The loan will be repaid over a period of 22 years with a five-year grace period and an interest rate of 3% per year.

© Tunis-Afrique Presse 2016


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