The agreement was signed on the sidelines of the Forum "Invest in
Tunisia, Start-up Democracy;" this is the second loan extended by the
EIB to fund this project.
A first financing contract worth 150 million Euros was signed, last March, with the Tunisian Oil Activities Company (ETAP).
The project consists in building a 370km gas pipeline from Nawara to
Gabès, a gas power plant in Nawara and a gas processing facility in
Gabès.
This new infrastructure will help further tap existing reserves and
supply the local market with natural gas, while welcoming other
initiatives in the exploitation of hydrocarbons.
"The signing of this agreement is a positive message for investment in
Tunisia, in addition to being highly symbolic for the Euro-Mediterranean
partnership," said EIB's Vice President Philippe de Fontaine Vive.
© Tunis-Afrique Presse 2014
