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    Reference: 20230783
    Release date: 24 April 2024

    Promoter – Financial Intermediary

    ROYAUME DU MAROC

    Location

    Description

    The loan will finance a number of multi-sector infrastructure projects under Morocco's post-earthquake reconstruction programme.

    Objectives

    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.

    Sector(s)

    Under Global Europe NDICI guarantee

    Under EFSD+ Guarantee

    Proposed EIB finance (Approximate amount)

    EUR 1000 million

    Total cost (Approximate amount)

    EUR 1732 million

    Environmental aspects

    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.

    Procurement

    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.

    Status

    Approved - 17/07/2024

    Milestone
    Under appraisal
    Approved
    17 July 2024

    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).

    Related tags

    Morocco Transport Education Health