Parliament Reviews Gafsa Phosphate Draft
The People's Assembly is discussing a draft law aimed at approving a loan guarantee agreement dedicated to upgrading the Gafsa Phosphate Company, with the goal of increasing its production capacity and restoring the sector's prominence. The project includes acquiring modern drilling and transportation equipment, and establishing an advanced wastewater treatment and recycling unit, which will help reduce groundwater consumption by up to 90% and improve environmental and social performance. The project also seeks to enhance the company's international competitiveness, provide hard currency resources, support the national economy, foster export growth, and create new employment opportunities.
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