EIB signs new cooperation agreement with Algeria

July 14, 2017
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The Vice-President of the European Investment Bank (EIB), Roman Escolano, is on an official visit to Algeria from 12 to 14 July to sign a new cooperation agreement with Algeria, focused on road safety along the East-West highway.

The new cooperation agreement focuses on road safety, with a study financed by the EIB on safety standards for the Algerian section of the Trans-Maghreb highway. This study will focus on the East-West motorway crossing Algeria from its eastern to its western borders, as well as the urban road connections in the major Wilayas, including those of Oran and Bejaia, for an overall stretch of about 1,500km all along the Mediterranean coast.

It will take into account the needs of all road users in order to identify safety issues, as well as the sections that are already in service, and thus propose optimal management and traffic solutions.

“I am very pleased to sign this partnership with Algeria on a sector as important as road transport and road safety,” Escolano said at the signing ceremony. “The EIB is above all an investment and advisory bank, so we will put all our skills and expertise acquired in Europe and in the region to successfully carry out this Road Safety Audit. Our objective is to increase the safety of users on these major roads, which are essential for the economic development of a country and the region and for the daily life of its inhabitants.”

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Press release

EU Delegation Algeria

Countries covered:

  • Algeria