Tunisia has approved an investment plan of nearly 525 million Tunisian dinars ($165 million) for the expansion of its phosphate production by almost five times by 2030, a newspaper reported on Monday.
The five-year plan, which will start in 2025, will increase the production of phosphate by 1.5 million tonnes a year to almost 8.5 million tonnes by 2030, the newspaper said.
“The plan was prompted by a sharp recovery in the phosphate industry last year after a steady decline in previous years,” it said.
It Abdelkader Amaïdi, general manager of the state-owned Compagnie des Phosphates et de Chemin de Fer de Gafsa (CPG), as saying that the investments include about TND238 million ($76 million) for the import of new equipment and TND242 million ($78 million) for mine development.
TunisianMonitorOnline (NejiMed)
