📋 Tender Overview
Project ID:55930
Status Exploratory
Location: Tunisia
Business Sector: Natural Resources
Notice Type: State
Approval Date: 11 Jun 2025
Disclosure date: 11 Apr 2025
Project Description
Provision of up to EUR 90 million sovereign loan in favour of Compagnie des Phosphates de Gafsa ("CPG" or the "Company"), a state-owned mining company in Tunisia. The loan will finance the installation of filter presses (to increase water recovery from mine tailings) and related investments across the Company's processing facilities and the acquisition of modern mining equipment to support its phosphate mining operations.
Project Objectives
The phosphate sector has been one of the cornerstones of Tunisia's economy, historically making a significant contribution to GDP and export value. However, the industry has faced challenges in recent years, leading to a decline in production. Moreover, phosphate production is water intensive and the Company would like to increase the levels of water recycling, especially given the water stress in the Gafsa region, where the Company operates. Overall, the Bank's investment will contribute to the Company's efforts to improve production rates in a sustainable and environmentally responsible manner, hence contributing to resource sustainability, while also being aligned with Tunisia's climate objectives.
Transition Impact
ETI score:87
transition impact of the Project is expected to derive from its contribution to the well-governed and green qualities.
Well-governed: The Project will support reforms at CPG, strengthening EHS practices, corporate governance, financial management/reporting, corporate social responsibility, and digitalisation.
Green: The EBRD will finance the installation of filter presses to increase water reuse rates, reducing reliance on underground water extraction and mitigating regional water stress.
The Project will be also supported by the policy dialogue with the Ministry of Industry, Mines and Energy that will aim to establish a Low Carbon Pathway ("LCP") for Tunisia's phosphate and fertilisers sectors as well as enhance the mining regulatory framework to attract further investments.
