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Signature(s)

Amount
€ 20,000,000
Countries
Sector(s)
Morocco : € 20,000,000
Water, sewerage : € 20,000,000
Signature date(s)
15/12/2004 : € 20,000,000
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Summary sheet

Release date
5 October 2004
Status
Reference
Signed | 15/12/2004
20030563
Project name
Promoter - financial intermediary
Sanitation in medium-sized cities
Régie autonome de distribution d’eau et d’électricité de SAFI (RADEES) and Régie autonome intercommunale de distribution d’eau et d’électricité du TADLA (RADEET).
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 20 million loan from EIB own resources under the FEMIP-EUROMED II Mandate, with interest subsidy from the MEDA II budget.
Around EUR 40 million.
Location
Sector(s)
Description
Objectives

The project primarily concerns the construction of sanitation infrastructure in the cities of Safi and Beni Mellal. RADEES, which is responsible for electricity and water supply in the municipality of Safi, wishes to continue its sanitation infrastructure investment programme by constructing a wastewater treatment plant and a sea outfall. RADEET, which is in charge of sanitation in the city of Beni Mellal, plans to extend the city's sewerage network and optimise operation of the existing wastewater treatment plant.

The project is designed to improve and optimise wastewater collection and treatment in the municipalities of Safi and Beni Mellal. The environmental impact of the project will be highly positive. This would be the sixth venture financed by the EIB in the sanitation sector in Morocco.

Environmental aspects
Procurement

Environmental impact assessments will be required for both projects. These will be launched during the project preparation phase. The procedures applied by the promoters will be analysed in the course of the project appraisal to ensure that they are compatible with the Bank's criteria.

Contracts for works, supplies and services will be subject to national and international tendering procedures according to the sums involved and their technical complexity. The tendering procedures applied by the promoters will be analysed in the course of the project appraisal to ensure that they are compatible with the Bank's criteria.

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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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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