The Tunisian government has signed two guarantee agreements with the African Development Bank (AfDB) to secure financing for two major projects. The agreements, signed in Tunis, will provide funding for the Société Nationale d'Exploitation et de Distribution des Eaux and the Groupe Chimique Tunisien. The agreements were signed by Minister of Economy and Planning Samir Abdelhafidh and AfDB Deputy Director General Malinne Blomberg.
The first financing agreement is worth 111.5 million euros, approximately 377 million dinars, and will be used to improve the technical and energy efficiency of the water supply network in Greater Tunis. This project aims to upgrade the existing infrastructure to reduce water losses and improve the overall efficiency of the network. The project is expected to have a positive impact on the water supply in the region.
The second financing agreement is worth 110 million dollars, approximately 321 million dinars, and will be used to rehabilitate and modernize the production units of the Groupe Chimique Tunisien. This project aims to improve the environmental sustainability and competitiveness of the company. The funding will support the company's efforts to reduce its environmental impact and improve its production processes.
The two projects are part of the priorities and strategic orientations set out in Tunisia's 2026-2030 development plan. The plan focuses on ensuring water, food, and energy security, as well as protecting the environment. Minister Abdelhafidh emphasized the government's commitment to supporting strategic public enterprises to optimize their performance.
The AfDB has reaffirmed its commitment to supporting Tunisia's development programs. Malinne Blomberg highlighted the importance of these projects for water and food security, reducing pollution, and improving living conditions. The bank's support is seen as crucial for the success of these projects.
The financing agreements demonstrate the strong partnership between Tunisia and the AfDB. The bank has a long history of supporting Tunisia's development efforts, and these new agreements are expected to have a positive impact on the country's economy and social development. The projects are expected to create jobs and stimulate economic growth.
The successful implementation of these projects is expected to have a positive impact on Tunisia's economy and environment. The country's water and chemical sectors are expected to benefit from the investments, which will also contribute to the country's sustainable development goals.
Key points
- The African Development Bank has agreed to provide Tunisia with nearly 700 million dinars in financing for water and chemical projects.
- The financing agreements are part of Tunisia's 2026-2030 development plan, which focuses on ensuring water, food, and energy security.
- The projects are expected to have a positive impact on Tunisia's economy, environment, and social development.
