Saudi Arabia loans $55m for Tunisian rail renewal

Saudi Arabia loans $55m for Tunisian rail renewal

Saudi Arabia has signed a $55 million loan deal with Tunisia to finance the renewal of the North African country’s rail network.  The railway is used to transport phosphate, a sector that makes up around 4 percent of Tunisia’s GDP and 15 percent of the country’s exports. Tunisia plans to produce eight million tonnes by […]

Rail essential for phosphate industry

SFD loan will update 190km of track

IMF deal with Tunisia in limbo

Saudi Arabia has signed a $55 million loan deal with Tunisia to finance the renewal of the North African country’s rail network. 

The railway is used to transport phosphate, a sector that makes up around 4 percent of Tunisia’s GDP and 15 percent of the country’s exports. Tunisia plans to produce eight million tonnes by the end of this year.

The soft loan from the Saudi Fund for Development (SFD) will renew around 190 kilometres of the network.

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“This sector contributes to the growth of vital opportunities toward sustainable development, leading to societal wellbeing and progress,” said SFD CEO Sultan bin Abdulrahman Al-Marshad.

The project, which is run by the Tunisian National Railway Company,