Release date: 29 August 2003
Promoter – Financial Intermediary
Société Nationale des Autoroutes du MarocLocation
Description
Construction of a section of motorway connecting the cities of Settat and Marrakesh. The project will include the Settat by-pass.
Objectives
The project comes under the national motorways programme, declared a national priority by the government.
The Settat-Marrakesh motorway forms part of the Casablanca-Marrakesh link constituting the first section of the North / South route (the Casablanca-Settat stretch having opened to traffic in June 2001). This infrastructure will facilitate trade in an area with substantial assets in terms of tourism, industry and agriculture, thereby fostering the economic development of the region as a whole.
Comments
Motorway infrastructure.
Sector(s)
Proposed EIB finance (Approximate amount)
Loan from EIB own resources of approximately EUR 180m under the FEMIP - EUROMED II Mandate.
Total cost (Approximate amount)
Approximately EUR 400 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, with, where appropriate, publication in the OJEC.
Status
Signed - 10/11/2003
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).