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

  • India's road challenge
    February 27, 2012
    India is pushing hard with its highway expansion programme, according to Brijeshwar Singh, chairman of the National Highway Authority India (NHAI).
    Read More
  • Flyover and tunnel planned for D3 route in Slovakia
    February 13, 2015
    In Slovakia plans are in hand for work to the D3 route that will involve the construction of a flyover, a bridge and a tunnel. The flyover lies on the stretch of D3 between Zilina/Strazov and Zilina/Brodno. Work on this 4.25km section of the D3 is costing close to €255 million. The construction work commenced in June 2014 and is due for completion by 2017. The work is complex and includes building flyover over the Hricovska Prehrada Dam, as well as driving a tunnel and constructing bridge over the Kysuca Ri
    Read More
  • Bullish World of Asphalt and AGG1 2015 event
    March 18, 2015
    The 2015 combined World of Asphalt and AGG1 event in Baltimore has attracted a record number of exhibitors and attendees for its first day. More than 7,000 registered attendees came to the show by mid-day setting a record, while the event also attracted more than 450 exhibitors. Over 10,000 education session tickets were purchased by attendees for the presentations being held simultaneously with the exhibition. The event runs from March 17th- March 19th at the Baltimore Convention Centre and is organised by
    Read More
  • Ohio using social media to boost road safety
    April 27, 2012
    Ohio's Department of Transportation (ODOT) is launching a social media campaign in a bid to question residents as to how to drive safely. The winner of the best safety tip will see their message being made into a safety video.
    Read More

Highlighted Content