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    Signature(s)

    Amount
    € 14,000,000
    Countries
    Sector(s)
    Morocco : € 14,000,000
    Transport : € 14,000,000
    Signature date(s)
    26/06/2003 : € 14,000,000
    Link to source
    Data sheet

    Summary sheet

    Release date
    2 December 2002
    Status
    Reference
    Signed | 26/06/2003
    20020429
    Project name
    Promoter - financial intermediary
    Ports du Maroc II
    Ministry of Equipment - Direction des Ports et du Domaine Public Maritime.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Approximately EUR 20 million from the Bank's own resources under the EUROMED II Mandate.
    Approximately EUR 45 million
    Location
    Sector(s)
    Description
    Objectives

    The EIB -financed works consist primarily of the repair, strengthening and upgrading of the basic infrastructure (breakwaters, quays and jetties) of several Morrocan ports. Dredging and desilting works, as well as a general sediment study, will also be carried out.

    The project forms part of the National Economical and Social Development Plan (2000-2004) of the Kingdom of Morocco. As 98% of Morocco's trade passes through its ports, the project will contribute to regional and national socio-economic development. The upgrading of port infrastructure will also foster private-sector development and the project is therefore in line with the objectives of the Bank's FEMIP facility.

    Environmental aspects
    Procurement

    The Bank's environmental rules will apply.

    The various components of the project will be put out to public tender in accordance with the Bank's Guide to Procurement, including, when required, publication in the EU Official Journal.

    Link to source
    Summary sheet

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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    Other links
    Data sheet
    Summary sheet

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
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