Release date: 11 April 2005
Promoter – Financial Intermediary
Société Nationale des Autoroutes du Maroc.Location
Description
Second tranche of a loan for construction of the Settat-Marrakesh motorway section.
Objectives
The project consists of construction of the Settat-Marrakesh motorway, which will form part of the Casablanca-Marrakesh link constituting the first section of the North/South route (the Casablanca-Settat stretch was opened to traffic in June 2001).
This is the second tranche of an EIB loan to ADM, the first tranche having been deployed satisfactorily with all project-related conditions fulfilled.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 70 million from the Bank's own resources under the EUROMED II Mandate.
Total cost (Approximate amount)
Approximately EUR 408 million.
Environmental aspects
In accordance with the conclusions of the Autoroutes du Maroc IV project appraisal, the promoter will maintain its undertaking to implement an action plan based on the proposals contained in the environmental studies, in particular, (i) adjustment of the technical characteristics of the motorway sections, and (ii) specific measures for the Settat (by-pass) to Skhour Rhamna section (61 km) and the Oum Er Rbia valley crossing.
Procurement
The different components of the project will put out to public tender in accordance with the EIB’s Guide to Procurement, with publication in the OJEU where required.
Status
Signed - 17/06/2005