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    Reference: 20160352
    Release date: 4 October 2016

    Promoter – Financial Intermediary

    FONDS D'EQUIPEMENT COMMUNAL

    Location

    Description

    Framework loan to support infrastructure investments by local authorities throughout Morocco

    Objectives

    The project involves the financing through a framework loan of a series of local investments in Morocco, notably in construction, rehabilitation and upgrading of urban infrastructure (e.g. souks, sport facilities, urban roads, public lighting), mobility (e.g. intermodal stations and park and ride) and the water and wastewater sectors. Some of these investments might be linked to energy efficiency (e.g. building renovation, street lighting) and renewable energy (e.g. solar photovoltaics).

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 75 million

    Total cost (Approximate amount)

    EUR 150 million

    Environmental aspects

    The overall environmental and social impact of the framework loan is expected to be positive, with improvements to the environment and citizens' quality of life, in particular with regard to the public transport system, urban road network, wastewater management and energy efficiency (EE) in buildings and public lighting. Furthermore the project is expected to contribute to climate action (e.g. sustainable transport and EE measures). The nature of the works may cause some disruption during construction such as traffic, noise and dust which can be largely mitigated, but there should be no adverse impact on the environment during the operational phase. The project's compliance with all applicable national environmental legislation as well as with EU environmental and social principles, standards and practices will be verified during appraisal.

    Procurement

    The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

    Status

    Approved - 17/03/2017

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Morocco Urban development