Release date: 28 July 2011
Promoter – Financial Intermediary
MEDZ (GCD Développement)
http://www.medz.ma/
Location
Description
The project concerns the design, construction and commissioning of seven technopoles under the Kingdom of Morocco's national agreement for industrial emergence 2009-15. MEDZ, a subsidiary of Morocco's Caisse des Dépôts et de Gestion specialising in upgrading and development, has been given the job of constructing and managing these technopoles.
Objectives
Following a preliminary examination, seven technopoles have been selected for the project. These are the most advanced projects containing major components in the fields of research, education and support for innovation.
Comments
Integrated economic development zones
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million (up to 50% of the total project cost).
Total cost (Approximate amount)
Around EUR 210 million.
Environmental aspects
The project concerns the upgrading of industrial zones. The environmental impact is to be examined on a case-by-case basis in accordance with the types of operation planned. In the European Union, an equivalent project would be covered by Annex II to Directive 97/11. In Morocco, Law No 12-03 on environmental impact assessments (Dahir No 1.03.60 of 12 May 2003, Official Bulletin No 5118 of 19 June 2003) includes in its Annex the "regeneration of urban areas" and "upgrading of industrial zones" as projects that are subject to an environmental impact assessment. The procedures followed for this project and the aspects covered in the EIAs will be addressed at the appraisal stage.
Procurement
As a public operator, MEDZ is subject to tendering procedures under Moroccan legislation. In Morocco, Decree No 2-06-388 (of 5 February 2007; Official Bulletin No 5518 of 19 April 2007) sets out the terms and forms of government procurement as well as certain rules relating to the management and monitoring of contracts. Harmonisation of legislation, public procurement and financial services are priority objectives for the implementation of a new programme of economic integration between Morocco and the EU. The procurement procedures followed for this project will be addressed at the appraisal stage.
Status
Signed - 4/10/2012
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).