Middle East Economic Survey

VOL. LII

No 45

9-Nov-2009

morocco

EIB Awards New Loan For Moroccan Infrastructure Developments

The European Investment Bank (EIB) has awarded Morocco a 225mn ($332mn) loan to finance the upgrade of the Kingdoms highways network. Autoroutes du Maroc (ADM) plans to widen the Rabat-Casablanca highway and build a 41km highway bypass in Rabat, to be completed in 2012 and 2013, respectively. The loan will also be augmented by technical assistance, in the form of a grant, to...