Release date: 30 July 2010
Promoter – Financial Intermediary
Tanger Med Port Authority (TMPA), a subsidiary of TMSA, Tanger Méditerranée Special Agency (TMSA), a fully state-owned company.
Location
Description
The project consists of the infrastructure of the Tanger Med II port, a major expansion of Tanger Med port complex. The project facilities will include two new breakwaters and two new container terminals, with an additional capacity of 5 m TEUs p.a.
Objectives
Raising the total Tanger Med Port’s capacity to 8 million TEUs and making it the largest transhipment port around the Mediterranean Sea.
Comments
The project will facilitate traffic flows between the Mediterranean region and markets on both sides of the Atlantic and Asia. It will also provide additional capacity for Moroccan international trade and will foster local economic development. By providing maritime transport infrastructure, the project will contribute to FEMIP objective to create an enabling environment for the development of the private sector.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million.
Total cost (Approximate amount)
The total project costs are estimated at about EUR 800 million, to be confirmed during appraisal. The Bank’s contribution to the financing will not exceed the usual proportion for this type of project.
Environmental aspects
If within the EU, the Project would fall under Annex I of the EIA Directive and would require a full EIA. Following an integrated environmental impact study (EIS) covering the whole Tanger Méditerranée programme, an EIA process in accordance with Moroccan legislation has been carried out, including preparation of an environmental impact study and management plan. The final environmental consent has yet to be issued. Information and communication meetings were held at institutional level with the main project stakeholders.
EIA process, biodiversity assessment requirements, social impact; environmental/social mitigating measures and public consultation will be checked during appraisal.
Procurement
The Bank will require the Promoter to ensure that implementation of the project will be done in compliance with the Bank’s Guide to Procurement. The project procurement plan and procedures will be reviewed during appraisal.
Status
Signed - 11/11/2010
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).