ADM and the Arab Fund sign $104 million Moroccan motorway financing agreement

The Arab Fund for Economic and Social Development and the Moroccan motorway authority ADM (Autoroutes du Maroc) have signed a US$103.67 million loan that will help finaance of the Safi-El Jadide motorway. The highway is planned to open to traffic during 2015. With this loan, financing is now complete for the 140km project, which will cost US$553 million in total.
September 30, 2014 Read time: 1 min
RSSThe Arab Fund for Economic and Social Development and the Moroccan motorway authority ADM (5199 Autoroutes du Maroc) have signed a US$103.67 million loan that will help finaance of the Safi-El Jadide motorway. The highway is planned to open to traffic during 2015. With this loan, financing is now complete for the 140km project, which will cost US$553 million in total.

For more information on companies in this article

Related Content

  • Tune in, turn on – in Hungary
    June 26, 2017
    Austrian contractor Strabag is to head a consortium carrying out work on an expressway widening project in Hungary worth some €212 million. The project is for the widening and improving of the R 67 expressway that runs from Kaposfüred to Látrány.
    Read More
  • Key roads will be developed in Brazil’s Parana State
    July 30, 2012
    Key improvements will be made on stretches of key roads in Brazil’s Parana State. In all repairs and maintenance will be carried out to 16 stretches of road, totalling some 4.800km in all. This work is expected to cost US$29 million. However Parana State has a total budget for overall road improvements of $419 million. Of this, actual road repairs will cost around $203.25 million. Some $144 million will be used for road preservation works,$67 million for cleaning drainage systems and $129 million to improve
    Read More
  • New North Africa- Mediterranean regional conference for IRF
    July 19, 2012
    Marrakech to host milestone IRF initiative highlighting road infrastructure project challenges and opportunities in the Euromed space. IRF will be joining with the Moroccan motorway authority (Autoroutes du Maroc) and the national road association (Association marocaine des routes – AMR) to host a landmark IRF Regional Conference focusing on the North Africa and Mediterranean region.
    Read More
  • Kenya’s elevated highway gets a green light from the World Bank
    August 18, 2016
    The World Bank agreed to finance construction of Kenya’s first double deck highway, according to media reports. Construction is set to begin by the end of this year on the toll road to link Jomo Kenyatta International Airport and the Nairobi-Nakuru highway. Peter Mundinia the director-general of the Kenya National Highways Authority, explained that construction of the all-elevated dual carriageway will be in three phases. The first will begin with 6.5km running from the airport to Likoni Road and the
    Read More

Highlighted Content