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    Signature(s)

    Amount
    € 500,000,000
    Countries
    Sector(s)
    Morocco : € 500,000,000
    Health : € 70,000,000
    Education : € 200,000,000
    Transport : € 230,000,000
    Signature date(s)
    1/10/2024 : € 70,000,000
    1/10/2024 : € 200,000,000
    1/10/2024 : € 230,000,000
    Link to source

    Summary sheet

    Release date
    24 April 2024
    Status
    Reference
    Signed | 01/10/2024
    20230783
    Project name
    Promoter - financial intermediary
    MOROCCO POST-EARTHQUAKE RECONSTRUCTION
    ROYAUME DU MAROC
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 1000 million
    EUR 1732 million
    Location
    Sector(s)
    Description
    Objectives

    The loan will finance a number of multi-sector infrastructure projects under Morocco's post-earthquake reconstruction programme.

    The objectives are: (i) to restore and improve the population living conditions; (ii) to strengthen resilience of cities to climate change and other natural disasters, by (re)constructing resilient and sustainable infrastructure.

    Environmental aspects
    Procurement

    A project with similar characteristics within the EU would be classified in Annex II of Environmental Impact Assessment (EIA) Directive 2011/92/EU (amended by Directive 2014/52/EU), which would require a decision by the competent authority making an EIA mandatory or not. Education and health infrastructure as planned at this stage is not specifically mentioned in the EU EIA Directive and therefore EU Member States are not required to have one. However, the investments could be covered by Annex II of the EIA Directive if they are classified as urban development operations. The need for EIAs, particularly for roads, will be considered during appraisal.

    The project promoters will have to ensure that all the related tendering processes will be done in accordance with the Bank's Guide to Procurement.

    Under Global Europe NDICI guarantee

    Under EFSD+ Guarantee

    Milestone
    Under appraisal
    Approved
    Signed
    17 July 2024
    1 October 2024
    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - MOROCCO POST-EARTHQUAKE RECONSTRUCTION
    Publication Date
    24 Jul 2024
    Document language
    Main Topic
    Lending
    Document Number
    188248928
    Document Focus
    Environmental Information
    Project Number
    20230783
    Countries
    Publicly available
    Download now

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