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IDB grants loan to STEG
6 February 2010: On 5 February 2010, the Islamic Development Bank (IDB) signed an agreement to finance Tunisia's power and gas utility (STEG) project in Gafsa.
The loan, worth Euro 33,40 million, is to finance the project of natural gas supply to the city of Gafsa and its mineral field whose global cost is estimated at 67 million Tunisian dinars. The loan, with Tunisia's government guarantee, is repayable over 20 years including 3 years of deferment of debt and an interest rate set at 5.1 per cent.
Under this agreement, the IDB grants a donation worth $400, 000 to finance notably the training of human resources, the purchase of books, scientific encyclopaedia and laboratory equipment.
Source: Zawya