| Project Detail |
Location:
Morocco
Project number:
55313
Business sector:
Transport
Notice type:
State
Environmental category:
B
Approval date:
20 Nov 2024
Status:
Signed
English-language PSD published:
13 Dec 2024
Provision of a senior loan of up to MAD 690m (ca. EUR 63m equivalent) to Societe dExploitation des Ports S.A. ("SODEP") operating under the trading name of Marsa Maroc S.A. (the "Company") to finance the infrastructure works to expand the handling capacity of the multipurpose terminals in Casablanca and Jorf Lasfar as well as the acquisition of cranes, including hybrid and electric rail cranes. This will enable the expansion and operational optimization of these terminals.
The Project benefits from a first loss risk cover from the European Fund for Sustainable Development plus ("EFSD+") Municipal Infrastructure and Industrial Resilience ("MIIR") guarantee programme. The programme contributes to transitioning economies in the European Neighbourhood South and European Neighbourhood East by supporting sustainable investments in green city infrastructure, greening logistics chains, energy efficiency and green technology transfers in industrial processes, commercial operations and buildings.
Project Objectives
The operation will enable the Company to expand operational capacity of its multipurpose terminals at the ports of Casablanca and Jorf Lasfar. The EBRD loan will be complimented by a grant-funded Technical Support ("TC") assignment to support Marsa Marocs ongoing digital transformation. |
