city roads, intersection and bridges, and roads lights, which should help ease traffic bottlenecks. It also includes sanitary, trash collection, and other environment-related projects. 4. Transportation and telecommunication: a. Total expenditure amounts to SR 19.2 (US$5.2) billions. b. New projects include roads totaling (5,400) km to be added to (30,000) km of roads currently under construction; ports, airports, railroads development and new postal services. In this respect, the existing paved road network stands now at 56,000 km. 5. Water, Agriculture, and infrastructure Sector: a. Total expenditure amounts to SR 35.4 (US$9.4) Billions. b. New projects includes appropriation for the two industrial cities of Jubail and Yanbu. 6. Specialized Credit Development Institutions and Government financing programs: a. Replenishment of the resources of the Real Estate Development Fund by SR 25.0 (US$ 6.7) billions over a period of five years starting from FY 2008. b. Deposit of SR 10.0 (US$ 2.7) billions in the Saudi Credit and Saving Bank. c. Estimated SR 40.0 (US $10.7) billions to be disbursed by Government Specialized Credit Institutions (Real Estate Development Fund, Saudi Industrial Development Fund, Saudi Credit and Saving Bank, Saudi Arabian Agriculture Bank, Public Investment Fund, and Government Lending program) to the beneficiaries of their lending programs. --More
