Tunisia

The Small Cities Sanitation Programme is a EUR 150 million programme undertaken by the Office National de l’Assainissement, (“ONAS”, the Company”) to build 24 new wastewater treatment plants (“WWTP”) and rehabilitate and upgrade the sanitation network (including 862 kilometres of new primary and secondary networks and construction of 30 new pumping stations) to EU equivalent standards in 33 Tunisian cities of less than 10,000 inhabitants (the “Project”).