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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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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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