AfDB: total project funding of US$178 million in Tunisia in 2023

Business

The African Development Bank (AfDB) approved a total volume of operations of US$178 million (TND 550 million) for Tunisia in 2023. This includes a loan of pound 81.9 million to implement the Treated Wastewater Quality Improvement Project For Climate Resilience Building (PAQEE-RCC).

“To be implemented over the period 2024-2028, the project will improve the treatment of wastewater to make it compliant with the standards for its reuse. It will improve treatment and energy performance through the renewal of electromechanical and electrical equipment and the use of photovoltaic solar energy in 19 water treatment plants across 11 of the country’s governorates. It will also contribute to improving the water balance, to building resilience to climate change and to improving the quality of life for more than 670,000 people,” the bank said.

The AfDB also funded key operations in North Africa totalling over $2 billion in a number of strategic sectors.

Source: Agence Tunis Afrique Presse