EIB, Tunisia Ink Green Growth Loan Agreements

The European Investment Bank and Tunisia have signed two loan agreements worth euro313 million (USD421.4 million) and aim to support green growth in the African country, particularly in its transportation and energy sectors.

The first loan is euro119 million and will finance the construction of the first few sections of a new suburban railway in the capital city of Tunis, according to ENPI Info.The project is expected to benefit more than 350,000 people as well as reduce noise and atmospheric pollution in the city.

The second loan, worth euro194 million, will be used for a natural gas power station designed to address the increasing demand for electricity in the country.

In addition to the loans, EIB will provide euro6.8 million technical assistance to help draft future interventions under FEMIP, the bank’s facility for Euro-Mediterranean Investment and Partnership, in Tunisia’s road transportation and energy sectors.

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.