Econostrum | Economic News in the Mediterranean



The Tunisian road programme: the path to democratic transition

TUNISIA / EUROPA.  In late May 2011, in Deauville, France, the G8 SET the agenda: “begin new projects without delay” to support democratic transition in the wake of the Arab spring.

A month later, the European Investment Bank (EIB) becomes the first vehicle for this ambition by deciding to finance economic development, employment and the Tunisian project for road modernisation.
EIB vice president, Philippe de Fontaine Vive, and Planning and international cooperation minister, Abdelhamid Triki, in fact signed the financing agreement on 24th June 2011, for a loan of 163 M€ (325 million Tunisian dinars) complementing a budgetary contribution from the Tunisian State of 164 M€.

The 327 M€ budget will be allocated to multiple facilities to improve the road network in Tunisia, with seven sub-projects in Greater Tunis (development of junctions and new access roads) and five sub-projects to widen roads and new bypasses at Kef, Monastir, Sfax and Mahdia (including interchanges).  On the regional road network there will be seven sub-projects to repair and modernise the roads. 

Not to mention, on both networks, the development of road safety improvements and a technical assistance contract for the " Tunisian Road Safety and Modernisation Programme”. 

On the road to democratic transition

The Tunisian road programme: the path to democratic transition
This new tarmac road will enable the economic development of southeastern Tunisia by opening up disadvantaged regions.

The EIB loan will also provide support to the public works sector (7,000 jobs created) and improve road safety by tacking blackspots.

These parameters are all necessary to help restore the country’s balance.  Tunisia is now on the road to democratic transition.

"This initial post-Deauville funding is highly symbolic.  It embodies our commitment to the Tunisian people.  We will bring new opportunities to the younger generation. Training, employment, security and modernising the country’s infrastructure are essential to this country’s economic and social development”, said Philippe de Fontaine Vive.

version française

Frédéric Dubessy avec la BEI

Tuesday, October 30th 2012

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