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تونزي تيليغراف
Tunisia approves €110M EU loan for Gafsa phosphate
The Tunisian National Assembly approved a bill authorizing a guarantee agreement with the European Bank for Reconstruction and Development, valued at 110 million euros, to finance a program to modernize the Gafsa Phosphate Company. The funding aims to purchase modern equipment, establish a wastewater treatment and reuse unit with a capacity of up to 90%, to improve the company's productivity and enhance its competitiveness. The project is expected to contribute to increasing the national phosphate production, improve safety conditions, and support the country's foreign currency resources through the implementation of programs over three years, with the loan to be repaid within 10 years, guaranteed by the Tunisian government.
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