News Column

Infrastructure Development in Yemen

July 26, 2014

Project End:2017 Project Status:Active Project Phase:Approved Project Type:Intersections Works,Flood Damage Protection Works Scope Of work:The project consists of the addition of bridges and tunnels to major intersections, as well as the completion of the main channel to drain flood water (liquid), and all other complementary works necessary for the project. The project includes the following key elements: 1 - Intersections Works 2 - Flood Damage Protection Works 3 - Technical Services and Institutional Support The project aims at improving the efficiency of the main road network, addressing traffic congestion, and protecting the population and buildings, shops and infrastructure from potential damage as a result of torrential rains and floods in different parts of the capital, Sana a. This will be accomplished through the construction of necessary infrastructure facilities. The loan will carry interest at 2.5% per annum and will be repayable over 25 years with a 6 year grace period. The Secretariat of the Capital Sana a will be the beneficiary of the loan, and will be responsible for implementing the project, which is expected to be completed in the fourth quarter of 2017. With the signing of this loan, the Arab Fund%s total contribution to financing projects in the Republic of Yemen now amounts to KD 840.650million. Latest Event:A loan agreement for KD 30 million was signed in Tunisia on the 8th April 2014 to help finance the Project for the Development of Infrastructure in Sana%a in the Republic of Yemen. The loan agreement was signed by H.E. Dr. Mohammed Saeed al-Saadi, Minister of Planning and International Cooperation, on behalf of the Government of the Republic of Yemen. H.E. Mr. Abdlatif Yousef Al Hamad, Director General/Chairman of the Board of Directors of the Arab Fund, signed the loan agreement on behalf of the Fund.

Project completion date : 2017-12-31 12:00:00


Address : Sana a

Country :Yemen


Financier : Arab Fund for Economic and Social Development (Arab Fund),

Financier address : Arab Fund for Economic and Social Development (Arab Fund), P.O. Box 21923 SAFAT 13080 Kuwait State of Kuwait (965) 2495 9000 (965) 249 593 90/91/92

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Source: TendersInfo (India)

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