African Development Bank provides $240 million to modernize SONEDE's drinking water network and upgrade the Tunisian Chemical Group
Tunisia, Sept. 24 -- Tunisia and the African Development Bank signed two financing agreements in Tunis on 22 September 2026, totalling about $240 million to modernise the potable water systems around the capital, Tunis, and to help rehabilitate ageing production units of the state-owned Tunisian Chemical Group (GCT).The first agreement provides a €111.5 million loan, backed by a state guarantee, to the national water utility distributor Societe Nationale d'Exploitation et de Distribution des Eaux (SONEDE) to implement the Greater Tunis Drinking Water Network Technical and Energy Performance Improvement Project (PAP-GT).The second facility is a $110 million loan to GCT, also backed by a sovereign guarantee, to finance the Environmental...
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