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It includes $165 mln investment Tunisia has approved a plan to invest nearly 525 million Tunisian dinars ($165 million) to expand its phosphate production by nearly five times in 2030, a newspaper reported on Monday. The five-year plan, starting in 2025, will increase phosphate output by 1.5 million tonnes per year to nearly 8.5 million tonnes by 2030, the paper said. “The plan was prompted by a sharp recovery in the phosphate industry over the past year following a steady decline in the previous years,” it said. It quoted Abdul Qadir Al-Ameedi, general manager of the state-owned Compagnie des Phosphates et de Chemin de Fer de Gafsa (CPG), as saying the investments include around TND238 million ($76 million) for the import of new equipment and TND242 million ($78 million) for mine development. |
