Release date: 2 December 2002
Promoter – Financial Intermediary
Ministry of Equipment - Direction des Ports et du Domaine Public Maritime.Location
Description
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.
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
Approximately EUR 20 million from the Bank's own resources under the EUROMED II Mandate.
Total cost (Approximate amount)
Approximately EUR 45 million
Environmental aspects
The Bank's environmental rules will apply.
Procurement
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.
Status
Signed - 26/06/2003
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).