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NCA adopts two agricultural bills.

TUNIS (TAP) - The National Constituent Assembly (NCA) adopted on Saturday in a plenary session a draft law providing for an additional loan agreement meant to fund the second part of the integrated agricultural development programme in the city of Siliana (Northwest).

The 7.7 million-dinar loan is repayable over 18 years, with a grace period of 3 years and a floating interest rate presently set at 1.5%.

The additional loan was concluded on December 2012 between the Tunisian government and the International Fund for Agricultural Development (IFAD).

The second part of the project, to be financed by this loan, concerns providing some rural areas with drinking water, strengthening the irrigated perimeters and developing 60 hectares of them.

It also aims to connect 150 shallow wells to the electrical network and provide deep wells with drinking water.

Besides, the NCA adopted a loan agreement concluded on June 11, 2012 between Tunisia and IFAD, meant to contribute to funding an agricultural and pastoral development project and exchange local initiatives in the country's southeast.

Worth 6.2 million dinars, this loan will be repayable over 18 years with a three-year grace period, and a floating interest rate set at 1.5 %, presently.

The loan will be devoted to fund an agricultural and grazing development project and promote local initiatives in the southeast region.

The additional loan will be dedicated to the creation and establishment of equipments serving to feed water points and grazing, in addition to the connection of the Grazing Plants Centre (southeast region) to the electrical network.

Tap 2013

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Publication:Agency Tunis Afrique Press
Date:Apr 20, 2013
Words:267
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