Tunisia, France Ink USD151M Financing Pact

The Sidi Bou Said rail station in Tunisia. The French Development Agency is providing euro50 million (USD66.1 million) to finance a railway project in Tunisia. Photo by: Paul Appleyard / CC BY-NC-SA Paul AppleyardCC BY-NC-SA

The French Development Agency is offering a total of euro115 million (USD151 million) to support development initiatives in Tunisia.

The financing agreement, signed by the two sides on Dec. 9, includes euro15 million for the establishment of a vocational training center of aeronautics trades. The center will receive subsidies worth euro7.8 million.

Some euro50 million will support a railway project in Tunisia, which is also backed by the European Investment Bank with euro177 million and Germany’s KfW Entwicklungsbank with euro70 million, Reuters reports.

Another euro40 million in French aid will be used for a project on improving potable water supply in Tunisia, while euro1.85 million will back natural resources management improvement efforts, Tunisia Online reports.

Meantime, EIB is lending another euro194 million to help build an electric generator using natural gas in Sousse, Tunisia. The project is worth euro388 million, Reuters reports.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.