Tunisia - Environmental Upgrading and Rehabilitation of the Production Units of the Tunisian Chemical Group Support Project (PAER-GCT) — Tunisia

Overview

The Environmental Upgrading and Rehabilitation of the Production Units of the Tunisian Chemical Group Support Project (PAER-GCT) is a sovereign-guaranteed investment operation aimed at modernizing and environmentally upgrading the production facilities of the Tunisian Chemical Group (GCT) in Gabès, Skhira (Sfax) and M'Dhilla (Gafsa). The total project cost amounts to USD 144 million, of which USD 110 million is financed through an African Development Bank (AfDB) sovereign loan guaranteed by the Republic of Tunisia, while the Tunisian Chemical Group provides USD 34 million in counterpart funding. The project forms part of a broader USD 595 million industrial recovery and modernization program and aligns with Tunisia’s Vision 2035, the National Development Plan 2023–2025, and the AfDB Country Strategy Paper 2024–2029. It supports the Bank’s priorities on industrialization, climate resilience, energy efficiency, and sustainable development, while addressing urgent environmental challenges in environmentally sensitive and socially fragile regions.