VOL. XLVI

No 3

20-January-2003

MOROCCO

EIB Grants Morocco 120Mn Loan For Spanish Power Link

The European Investment Bank (EIB) has agreed a 120mn loan to Morocco to finance a second interconnection of the countrys power grid with Spain. A warrant contract related to the loan was initialed by Moroccan Finance Minister Fathallah Oualalou and EIB Vice-President Francis Mayer on 26 December. The interconnection project helps to increase power supply to Morocco, particularly in the north of the...