Tunisia has signed grant agreements with the African Development Bank and a loan deal with the Japan International Cooperation Agency in amounts totaling more than USD58 million.
The nine grant agreements with AfDB combine for USD8 million, which will go toward initiatives focusing on the water, sanitation, health and agricultural sectors. AfDB’s overall active portfolio in Tunisia now amounts to USD1.5 billion, according to the Pan-African News Agency.
The USD50.7 million official development assistance loan from Japan will finance the second phase of the Metropolitan Railway Electrification Project. The project aims to electrify the 23-kilometer Tunis-Borj Cedria line in a bid to decongest traffic and reduce air pollution in the greater Tunis region, a JICA statement indicates.