Übersicht
The project consists in a framework loan to finance ADM's resilience investment programme 2024-2033. The programme is expected to upgrade 1,200 km of expressways, approximately two thirds of the total Moroccan network.
The aim is to enhance the resilience of Morocco's primary expressway network to climate change and other hazards. By bolstering the reliability of access to markets and public services, and facilitating the trade of goods, the project is expected to stimulate private sector development, encourage trade, advance regional integration, and mitigate regional disparities.
The Project is structured as a Framework Loan to support ADM's investment programme for the 2025-2034 period, with the overarching objective of enhancing the climate resilience of the Moroccan motorway network in response to increasing temperatures and changing precipitation patterns.
The Framework Loan is aligned with the Pact for the Mediterranean (One Sea, One Pact, One Future) by boosting smart, clean and secure investments in the transport sector. The Project is aligned with the Morocco's priorities as it contributes to reinforcing the resilience of critical public infrastructure, amongst others by implementing specific measures on the road network (refer to measures 3.5.2 to 3.5.4 of the "National Adaptation Strategy").
The Project addresses market failures related to accessibility and connectivity, resulting from a sub-optimal maintenance situation, and therefore improves transport conditions, including service level and climate resilience of the Moroccan primary motorway network.
The Project is directly aligned with the EU's Morocco Green Partnership, particularly its objective to "build back greener," and contributes to Team Europe Initiatives focused on green transition and sustainable post-COVID economic recovery.
Fully aligned with the objectives of the Paris Climate Agreement, yielding good economic returns and providing access to social and economic opportunities including employment, the Project contributes to the Bank's Transport and climate action objectives. The EIB's Financial contribution is very good, and the loan will offer more advantageous conditions than other options traditionally available in the market. The EIB loan is expected to attract other banks to finance ADM's investment programmes.
The project involves multiple components expected to be performed within existing rights of way; therefore, potential negative environmental and social impacts are likely to be minor and temporary during construction works. This will be further verified during the project appraisal. The project will contribute to climate action and environmental sustainability (CA&ES) objectives, in particular to climate adaptation, but also pollution prevention and control. Social and employment aspects will be verified during appraisal.
The promoter has to ensure that the project will be implemented in accordance with the EIB's Guide to Procurement.
Under EFSD+ Guarantee