Release date: 24 April 2024
Promoter – Financial Intermediary
ROYAUME DU MAROCLocation
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)
- Transport - Transportation and storage
- Education - Education
- Health - Human health and social work activities
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
Signed - 1/10/2024