The Islamic Development Bank has approved funding for a significant part of the highway project towards the governorate of Kef in Tunisia. This was announced by Minister of Economy and Planning, Samir Abdel Hafiz, during a session of the Assembly of People's Representatives and the National Council of Regions and Districts. The project aims to link Tunisia to Algeria as part of the completion of the Maghreb highway.
The project is of national importance and has been included in the development plan for the period 2026-2030. This plan outlines the major orientations of the development model and the choices, policies, and development programs. The plan also includes a portfolio of major projects that are adjusted and mapped out annually according to the progress of budget preparation.
Minister Abdel Hafiz emphasized that the implementation of development projects is not only related to the availability of financial allocations but also requires improving the pace of their exploitation and accelerating the completion of projects. One of the main challenges is the delay in some tender requests and lengthy administrative procedures, which necessitates working to overcome them.
The minister added that the preparation of the development plan adopted a gradual approach for the first time, allowing for the overcoming of shortcomings recorded during previous periods and establishing a development vision based on regional needs and priorities. This approach enables the building of future plans.
The project is being carried out in coordination between the Ministry of Economy and Planning, the Ministry of Equipment, and various concerned structures. The goal is to ensure the mobilization of external and national funding and to complete financing agreements and procedures related to the completion of these projects within the specified deadlines.
The Ministry of Economy and Planning continues to follow up on files of financial and technical cooperation with international partners and work on completing the necessary procedures for concluding financing agreements for priority projects. The implementation of development projects requires not only funding but also efficient exploitation and timely completion.
The Islamic Development Bank's approval for funding the highway project is a significant step towards completing the Maghreb highway and enhancing connectivity between Tunisia and Algeria. The project is expected to contribute to the country's economic growth and development.
Key points
- The Islamic Development Bank has approved funding for a major road project in Tunisia, connecting the country to Algeria as part of the Maghreb highway.
- The project is part of Tunisia's development plan for 2026-2030, which aims to address regional needs and priorities.
- The implementation of the project requires not only funding but also efficient exploitation and timely completion to overcome existing challenges.
