FINANCIAL NEWS

Tunisia gets $256m loan for electricity project

13 Oct 2010

(MENAFN) The European Investment Bank (EIB), the European Union’s financing arm, will provide a $256 million loan to Tunisia for an electricity project, it said on Tuesday.

The bank said in a statement that the funds will be used to erect 660 kilometers (410 miles) of high-tension lines.

Tunisia, which has one of the most open economies in north Africa and close economic ties to Europe, has received $3.6 billion in loans and aid from the European Investment Bank over the last three decades.

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