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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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Data sheet
Summary sheet

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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