German Development Bank grants Tunisia €27.5 million loan - News Summed Up

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German Development Bank grants Tunisia €27.5 million loan


Germany’s Development Bank, KfW, has lent Tunisia €27.5 million earmarked for the modernization of the Medjerda canal project at northeastern Cap Bon. The loan will be used to modernize all infrastructures and equipment of the canal to meet the increasing demand in potable and irrigation water. The canal provides the cities of Tunis, Cap Bon, Sahel and Sfax with potable water. Stretching on 120.165 km, the canal is under the authority of the ministry of agriculture and is managed by Société d’Exploitation du canal et des Eaux du Nord (SECADENORD). Under the agreements, the EU powerhouse is to allocate the North African country €264.5 million, including €12 million as donation.


Source: The North Africa Journal February 26, 2020 10:30 UTC



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