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Country reportsJune 1 2004

ADB delivers from a solid base

The African Development Bank Group’s mission is to promote economic and social development. James Eedes reports on some of the projects it is helping to fund and finds the bank has developed a solid financial standing.
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In May, the African Development Bank (ADB) announced a $88.1m-equivalent loan to the Tunisian government to finance the modernisation of the country’s railway infrastructure.

In addition to infrastructure rehabilitation and modernisation works, the loan will go towards funding four technical studies: the organisation and sizing of the railway management support units; the reorganisation of cost accounting in the Tunisian National Railways Corporation (SNCFT); the preparation of a medium-term railway equipment strategy; and the improvement to maintenance functions.

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