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

  • R&W takes in-house the recycling of dry and wet waste
    January 15, 2016
    With the introduction of EU regulations in 2012 controlling the disposal of dry and wet waste from road sweepings and gully waste and it is not acceptable to send this material to landfill. Many local authorities have had to find an alternative solution. R&W Civil Engineering in the southern UK country of Hampshire, is a specialist in highway construction, maintenance and other transport related services. It, along with other contractors started transporting waste material to the nearest processing stati
    Read More
  • Vietnam’s north-south highway being planned
    June 5, 2017
    Plans are being formalised for Vietnam’s massive North-South Expressway project. The tolled route will stretch 1,372km and the project will be split into 20 separate sections, with the work being carried out in two separate phases.
    Read More
  • TRL and RSA deal in safer UK roads
    April 27, 2012
    TRL, the UK’s Transport Research Laboratory, and Road Safety Analysis (RSA) are to pool their expertise to deliver high quality road safety projects for local authorities across Britain. With over 75 years of experience, TRL works at the leading edge of transport globally, generating and applying science, knowledge and understanding to develop innovative solutions and software. RSA was established far more recently after developing the multi award-winning MAST Online project; it has grown rapidly to deliver
    Read More
  • NHTSA moving to tackle drink driving in US
    March 24, 2015
    A move by the National Highway Traffic Safety Administration (NHTSA) in the US could help reduce the risks of drink driving in the country. The NHTSA is working with a group of major automakers (the Automotive Coalition for Traffic Safety) and this has resulted in the establishment of the Driver Alcohol Detection System for Safety (DADSS). The aim is to develop devices that can detect and prevent drunk driving by the use of infrared breath analysis or biometric readings using fingerprints. The technology is
    Read More

Highlighted Content