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    Signature(s)

    Amount
    € 200,000,000
    Countries
    Sector(s)
    Morocco : € 200,000,000
    Transport : € 200,000,000
    Signature date(s)
    11/11/2010 : € 200,000,000
    Link to source

    Summary sheet

    Release date
    30 July 2010
    Status
    Reference
    Signed | 11/11/2010
    20080527
    Project name
    Promoter - financial intermediary
    Port de Tanger Med II - Infrastructures

    Tanger Med Port Authority (TMPA), a subsidiary of TMSA, Tanger Méditerranée Special Agency (TMSA), a fully state-owned company.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 200 million.
    The total project costs are estimated at about EUR 800 million, to be confirmed during appraisal. The Bank’s contribution to the financing will not exceed the usual proportion for this type of project.
    Location
    Sector(s)
    Description
    Objectives

    The project consists of the infrastructure of the Tanger Med II port, a major expansion of Tanger Med port complex. The project facilities will include two new breakwaters and two new container terminals, with an additional capacity of 5 m TEUs p.a.

    Raising the total Tanger Med Port’s capacity to 8 million TEUs and making it the largest transhipment port around the Mediterranean Sea.

    Environmental aspects
    Procurement

    If within the EU, the Project would fall under Annex I of the EIA Directive and would require a full EIA. Following an integrated environmental impact study (EIS) covering the whole Tanger Méditerranée programme, an EIA process in accordance with Moroccan legislation has been carried out, including preparation of an environmental impact study and management plan. The final environmental consent has yet to be issued. Information and communication meetings were held at institutional level with the main project stakeholders.

    EIA process, biodiversity assessment requirements, social impact; environmental/social mitigating measures and public consultation will be checked during appraisal.

    The Bank will require the Promoter to ensure that implementation of the project will be done in compliance with the Bank’s Guide to Procurement. The project procurement plan and procedures will be reviewed during appraisal.

    Comments

    The project will facilitate traffic flows between the Mediterranean region and markets on both sides of the Atlantic and Asia. It will also provide additional capacity for Moroccan international trade and will foster local economic development. By providing maritime transport infrastructure, the project will contribute to FEMIP objective to create an enabling environment for the development of the private sector.

    Link to source

    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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