Tunisia Eib World Tender

The Tunisian Ministry of Economy and Planning and the European Investment Bank EIB signed on Friday 16 December two financing contracts with on the one hand the Cereals Office and on the other the Tunisian Society of electricity and gas STEG for a total amount of 215 million euros. This new financing comes within the framework of BEI Monde the new branch of the EIB dedicated to international partnerships and development financing. They reflect the strong mobilization of the EIB in Tunisia to support food security and electricity supply in a tense international context marked by strong demand in these areas.This funding is fully in line with the priorities of the European Union EU for Tunisia and the Agenda for the Mediterranean. They benefit from the European guarantee within the framework of the Neighbourhood Development and International Cooperation Instrument NDICI - Europe in the world. They are also set to benefit from a European Union EU grant of 20 million under the Neighborhood Investment Platform NIP.The signing ceremony took place at the Ministry of Economy and Planning in the presence of Mr. Samir Saed Minister of Economy and Planning Mr. Elyes Hamza Minister of Agriculture and Resources Hydraulics HE Mr. Marcus Cornaro Ambassador of the European Union in Tunisia Mr. Lionel Rapaille Director of EIB Operations in EU neighboring countries Mr. Jean-Luc Revereault Head of the Representation of the EIB in Tunisia Mr. Hichem Anene CEO of STEG and Mr. Bechir Kthiri CEO of the Cereals Office.Mr. Samir Saed Minister of Economy and Planning underlined on this occasion that the financing signed in favor of the Office des Crales is part of the efforts undertaken by the Tunisian State aimed at reducing the repercussions of this global crisis by mobilizing the necessary and appropriate efforts to cover the unforeseen cost of urgent purchases of cereals and to improve the performance of the Cereals Office particularly in terms of infrastructure and governance adding that the second financing intended to STEG is part of its program to strengthen its electricity transmission network and rehabilitate the infrastructure of the electricity distribution networks. Mr. Samir Saed expressed his strong appreciation for the quality of the cooperation linking Tunisia and the EU in particular the EIB a cooperation which has continued to develop especially during the last decade underlining the will of the strengthen further on all fronts. For increased support for food securityDuring the signing ceremony Mr. Lionel Rapaille Director of EIB operations in EU neighboring countries signed a financing contract for an amount of 150 million euros with Mr. Bechir Kthiri CEO of the Cereals Office with the dual objective of modernizing cereal storage and transport infrastructure and increasing the supply capacity of imported wheat. This financing will also allow the purchase of common wheat on international markets.This operation is part of the support provided to Tunisia to strengthen its resilience to food shortages due to climate change or the spike in food prices exacerbated by the war in Ukraine. I am very happy to sign this financing contract with the Cereals Office. said Mr. Lionel Rapaille Director of EIB Operations in EU Neighboring Countries . And to add This is a large-scale financing which will make it possible to strengthen Tunisias food security in the face of climate change and the world grain crisis. This project will have a strong impact on the daily life of Tunisians. This is why we are very proud to finance it within the framework of BEI Monde our new branch dedicated to international partnerships and development financing. For better access to electricityMr. Lionel Rapaille Director of EIB Operations in EU neighboring countries also signed a financing contract for an amount of 65 million euros with Mr. Hichem Anene CEO of the Tunisian Society of electricity and gas STEG.This financing will contribute to strengthening and rehabilitating the electricity transmission and distribution networks while integrating new production capacities to improve the security of electricity supply. The medium and low voltage distribution networks will thus be extended and reinforced in the regions of the country Centre Greater Tunis Region North North-West South South-West Sfax which represents 4500 km of lines in medium and low voltage. This project will also make it possible to strengthen the connection of new production units in a context of growing electricity demand. The EIB is a long-standing partner of STEG and the Ministry of Industry Energy and Mines. I welcome this new financing with BEI Monde our new entity dedicated to international partnerships and development financing to improve the reliability of the electricity network and the energy supply for Tunisians. declared Mr. Lionel Rapaille Director of EIB Operations in EU neighboring countries after the signature. And to add Through this new financing we reaffirm our firm commitment to support Tunisia to ensure its energy independence and strengthen energy efficiency and the fight against climate change. This new funding responds to Tunisias priorities in terms of energy and food security. They are part of the action of BEI World operating in close collaboration with the European Team Team Europe and alongside national and international partners.