AFD finances gas project in Tunisia
29 March 2011
France has announced its intention to make a sum of 150 million euros available to Tunisia to finance a project to extend the natural gas network in the regions in the North-West and South-West of the country, it was announced on Friday by the French minister for Industry, Eric Besson.
This project will be financed by the Agence française de Développement (AFD), reports the Xinhua press agency.
The minister specified that the aid will also be designated for the enhancement of the potential of these regions and that France will henceforth opt for decentralized management of the funds in order to facilitate and accelerate the process of granting micro-loans.
The European Investment Bank will also mobilize a 140 million euro package for the construction of the new factory at Mdhila of the Groupe chimique tunisien (GCT), reports the newspaper La Presse.
Another package of 160 million euros from the EIB will go to finance a road infrastructure modernization project.