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Tunisia: EIB grants 19 MTD to Tunisian Chemical Group

On the occasion of the official visit to Tunisia of its Vice-President, Roman Escolano, the European Investment Bank (EIB), signed a EUR loan of 19 million or 42 MTD with the Tunisian Chemical Group (GCT) to reduce the environmental impact of its production activities.

This additional funding comes after a first contract of EUR 55 million signed in 2008 and dedicated to the same project of environmental upgrading.

The contract was signed on May 26, 2016 at the Ministry of Development, Investment and International Cooperation, in the presence of Yassine Brahim, Minister of Development, Investment and International Cooperation and Mr. Roman Escolano, Vice-President of the EIB, said a statement.

“This is a landmark financing for climate action” stressed Mr. Roman Escolano, Vice-President of the EIB. “Reducing greenhouse gases is a priority. That is why we have mobilized resources, skills and expertise to support this project that has a direct impact on sustainable development and daily life of Tunisians. “

This major funding will concretely contribute to the environmental upgrading of several important facilities of the Tunisian Chemical Group (GCT) to reduce air emissions and liquid effluents, and to better manage solid waste.

The environmental upgrading program will focus on production centers of Skhira and M’dhilla, mainly and Gabes to a lesser extent.

This project is also supported to the tune of EUR 10 million by the European Commission.

First international development donor of Tunisia, the Bank is highly committed to best meet the expectations of the Tunisians and thus support the transformation of Tunisia.

Since the January 2011 revolution, EUR 1.5 billion or 3.3 billion Tunisian dinars have been earmarked to new project implementation in key sectors of the Tunisian economy such as energy, support for the private sector, infrastructure, education or social housing.

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