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PAER-GCT: AfDB grants $110 million to Abidjan

03/02/2026
Source : ORISHAS FINANCE
Categories: Sectors

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In order to support the Investment Support Project at the environmental level and the rehabilitation of production units From the Tunisian Chemical Group style="font-size:14.0pt; line-height: 107%; font-family: "Bookman Old Style”, serif"> (PAER-GCT), the Board of Directors of African Development Bank Group (BAD) has approved a financing of 110 million US dollars. It was on 28 January last in Abidjan.

The ADB said in a statement that the support Financial from the Bank Group will contribute to the sustainable reduction of pollution atmospheric and to improve environmental, energy and operational facilities of the Tunisian Chemical Group (GCT) to Gabès, Skhira and M'Dhilla. The PAER-GCT is part of long-term support term of the Bank in Tunisia, in particular through its support for the development and to the implementation of the Horizon 2035 Industrial and Innovation Strategy. This project aims at a more competitive, sustainable and respectful industrialization of the environment, adds the same source.

According to Malinne Blomberg, Deputy Director General for North Africa at the AfDB, “this project illustrates the Bank Group's commitment to supporting Tunisia in the environmental modernization of its strategic industries, by reconciling industrial performance, environmental protection and improvement of the living conditions of local populations”.

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