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الشروق التونسية
€110m loan for Gafsa Phosphate
Tunisia approved a proposed law granting approval for a guarantee agreement with the European Bank for Reconstruction and Development, related to providing a loan of 110 million euros to the Gafsa Phosphate Company, along with a grant of 7 million euros. The funding aims to purchase modern mining equipment, facilitate phosphate transportation, and install a water treatment unit, with the goal of enhancing the company's productivity and improving resource management. The loan will be repaid over a period of 10 years, with a grace period of 3 years. It features variable interest rates and flexible financing conditions, supporting the revitalization of the phosphate sector, attracting investments, and stimulating economic growth in this vital industry.
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