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Republic of Tunisia 

Development of the Industrial Parks

 

Loan No.: 402 Interest Rate: 4.5 %
Beneficiary: Industrial Real Estate Agency Grace Period: 4 years
Project Cost: KD 39.4 million Maturity: 20 years
Amount of Loan: KD 14.0 million Repayment: 33 semi-annual installments
Date of Loan Agreement: 14/10/2000 First Installment: 4 years following the first disbursement
Date of Effectiveness: -    

 

Objectives:

The project aims at contributing to the development of the industrial sector and promoting industrial investments and activities by meeting the demand on industrial parks. This will be achieved through the expansion of existing and the creation of new industrial parks that will provide all basic industrial services. Ready-to-use industrial buildings will also be built to provide easy access to industrial sites for investors.

Description:

The project, which is expected to be completed by the end of the year 2002, is part of the 9th National Economic and Social Plan of Tunisia. The project consists of establishing and developing 25 industrial parks with a total area of 700 hectares. For the purpose of this loan, the project is part of the Plan which intends to establish and develop 280 hectares of industrial lots, and build several industrial buildings.

The project is composed of the following two components:

1- Establishing and developing industrial parks: This consists of all works related to connecting these parks to the basic public service networks including water, sanitation, power, telephone, and gas networks. The project also includes all local infrastructure works that are needed to prepare the assigned lands for these parks such as the design of the parcel lots, the testing of the geological characters of land, systems and services of water, sanitation, drainage, roads, power, gas, telephone, fire systems, lights, and all other services that make the business operation of these parks productive. This component also includes building several industrial structures and buildings to be used as workshops and business offices equipped with all investors' needs.

2- Technical services: This includes consulting services for preparing technical studies and tender documents, engineering designs, helping the executing agency in supervising the implementation works in each park, as the need may arise. This component also includes all works related to managing and operating the project, enhancing the institutional capacity of the Industrial Real Estate Agency by training its staff, preparing special studies, and acquiring the necessary hardware and software.

Financing:

The Arab Fund loan covers about 36% of the project cost, while the French Development Agency has contributed around 12%, and the European Investment Bank 10%. The Tunisian Government will finance the remaining of the project costs and any increases that may occur .

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