The European Investment Bank (EIB) and Italian energy company, Eni, have signed two loans for strategic projects. The first is a EUR 200 million loan to co-finance the construction of a combined cycle (electricity and heat) power plant, which will reduce harmful emissions and improve energy efficiency. The second is a EUR 185 million loan to co-finance the expansion of the Transmed Gas Pipeline, which will improve the supply of Algerian gas across Tunisia to the European Union. The Transmed pipeline has been identified as a priority energy route by the EU Member States. Supporting the improvement of the pipeline is in line with one of the European Union’s strategic priorities to meet the growing demand for energy and guarantee the efficiency and security of supply.