Release date: 28 November 2022
Promoter – Financial Intermediary
EWANE ASSETS SA,MEDZ SALocation
Description
Financing of expansion and sustainable development of Technopolis across Morocco.
Objectives
The project is in line with the objectives of the EU's New Agenda for the Mediterranean and falls under "Green Partnership" (energy efficiency and climate adaptation components), as well as "Post-COVID Recovery" (economic development, job creation) Team Europe Initiatives. The project is in line with the Bank's climate objectives.
Sector(s)
- Composite infrastructure - Construction
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 307 million
Environmental aspects
The project is expected to contribute to climate action and environmental sustainability objectives, in particular to climate adaptation, which will be determined as part of the due diligence.
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
Under appraisal - 27/10/2022
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).