Tunisia approve 5-year plan to sharply boost phosphate output
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.
(Writing by P Deol; Editing by Anoop Menon)
(anoop.menon@lseg.com)
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