VOL. XLVI

No 8

24-February-2003

MOROCCO

Construction Begins On Tangier Port Project

Construction started on the $1bn development of Tangier port on 17 February, slightly earlier than expected. The port, which will be Morocco’s main port facility on the Mediterranean, will include loading facilities, communications, a railway link and highways and is expected to be operational in 2007. A $300mn loan was secured from the Abu Dhabi Fund for Development (ADFD) and the remaining $700mn...