The loan has been granted to Tunisia Highways Corporation and will be used to fund the Medenine to Ras Jedir part of the link.
Overall, the project involves building 195km of twin-lane road between Gabes and Ras Jedir at the Tunisian-Libyan border. AfDB is co-funding the link with the Japan International Cooperation Agency (JICA), which is lending €136.47m, and the Tunisian government/Tunisia Highways Corporation, which is supplying €180.97m. The project will create about 2,000 jobs directly during construction.
CEO of Tunisian Highways Corporation Jamel Zrig said: “Its implementation will facilitate the movement of goods and people between Gabes and the Tunisian-Libyan border and provide better north-south-east access. In addition, it will perform an essential link within Tunisia in the Trans-Maghreb Highway and thus contribute to regional economic integration for the Arab Maghreb Union countries.”
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