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China-Africa Trade Information Service
The board of directors of the Moroccan Company of Highways (ADM) recently convened and approved a financing contract for a loan worth €85 Million (MAD 893 million) with the European Investment Bank (EIB).
Morocco's government shared estimation regarding the budget the country needs to expand its high-speed rail system.
In terms of road infrastructure, Morocco’s southern provinces now have a 9,300-kilometer network of paved roads, including 4,400 kilometers of national roads. In 1975, the region only had 350 kilometers of roads.
According to Mohammed VI Polytechnic University, the projet will encourage entrepreneurs to launch startups, as it reduces investment risks.
The World Bank said that the objective of the additional financing is to adapt the program to address new priorities of transport, including those linked to the impact of COVID-19.
The new infrastructure comprises an overpass, five engineering structures including a viaduct with prestressed beams, 2×2 lanes over a length of approximately 1.6 kilometers, 3 kilometers of ramps and access infrastructure, as well as a toll station with a capacity of 15,000 vehi...
The committee that will manage the investment fund is set to select projects based on their employment potential, Benchaaboun said. The committee will also divide the fund into sectoral or thematic funds intended for investment in infrastructure projects across Morocco.
Morocco’s interministerial commission for investments has approved 45 investment projects for a total budget estimated at MAD 23.38 billion ($2.42 billion). The projects are expected to generate 3,194 direct jobs and 5,406 indirect positions.
Morocco has begun building an economic zone in Fnideq, a city near the border with the Spanish enclave of Ceuta, Spanish news agency EFE reported.