In an effort to address the rising levels of public debt, the government moved to sell a majority stake in the recently constructed deepwater port in Hambantota to the state-owned China Merchants Port Holdings (CMPH) in July 2017. The deal will help shore up state reserves to allow for higher spending on priority infrastructure. It also...
Rural connectivity is poised to improve significantly, with the government securing financing from the Asian Development Bank (ADB) to rehabilitate over 3400 km of rural roads. These road renovations form part of an expansive infrastructure agenda that will also see the construction of a host of rural expressways in the coming years. Although...
Having a strategic location along one of the world’s busiest maritime trade routes, Sri Lanka is well positioned to capitalise on rising Indian Ocean trade volumes. Under the auspices of the economic development strategy Vision 2025, released in September 2017, authorities are moving to transform the country into a leading global trans-...
Leveraging its geographic positioning at the centre of the Mediterranean, Tunisia’s transport sector has been crucial for the country’s economic progress. Well-connected shipping and air transport lines have proven essential to developing the tourism sector and raising commercial trade levels in international markets. Key industrial segments...
A developed port infrastructure has been critical in allowing Tunisia to create a place for itself in international commerce. Roughly 98% of Tunisian trade goes through its port network, but lack of investment has made parts of the infrastructure inefficient, a situation authorities are seeking to reverse through a set of ambitious investment...
Critical in securing international connections for both tourism and business travellers, Tunisia’s air transport sector has closely followed the country’s economic expansion over the past two decades. Post-revolution instability and the 2015 terrorist attacks on tourism resorts along its Mediterranean coast badly affected international...
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