Luxembourg, 29/11/2000 (Agence Europe) - The European Investment Bank granted two loans for a total of EUR 70 million in Tunisia:
A loan of EUR 25 million is granted to the Republic of Tunisia for developing solid waste management over the whole of its territory. It will contribute to the funding of all phases of the project, from study to construction, implemented by the Tunisian National Environmental Protection Agency (ANPE). The development of the waste management system should improve the quality of life of 2.5 million inhabitants in 9 Tunisian governorates, improve the quality of the environment and have a positive impact on tourism, assures the EIB in a press release.
A loan of EUR 45 million is being advanced to the Société Tunisienne de l'Electricité et du Gas (STEG) for enhancing the Tunisian network. The EIB granted a loan of EUR 45 million for this project in 1998. The construction of the network, to be spread over the period 1998-2001, "will serve to meet the growing demand for electricity in Tunisia, while markedly improving the reliability of supplies and substantially reducing losses in the network", states the EIB.