Tunisia: ARP - Draft Law to Improve Drinking Water Networks in Urban Areas Adopted

Tunis/Tunisia — The House of People's Representatives (ARP) adopted, on Tuesday, a bill on the approval of the guarantee agreement concluded on December 29, 2020, between Tunisia and the Kuwait Fund for Arab Economic Development concerning the loan agreement concluded between National Water Distribution Utility (SONEDE) and this Kuwaiti fund to contribute to the financing of the project to improve drinking water networks in urban areas, with 95 votes in favour, 3 against and 4 abstentions.

The loan in question is worth 30 million Kuwaiti dinars, the equivalent of 295 million Tunisian dinars. It is repayable over 30 years with a 6-year grace period and an interest rate of 2.5%.