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

  • JMT and Parsons get a Nice Bridge contract in the US state of Maryland
    July 7, 2015
    In the US state of Maryland, a joint venture of Johnson, Mirmiran & Thompson (JMT) and Parsons Brinckerhoff has won a contract to replace the Harry W. Nice Memorial Bridge. The Maryland Transportation Authority awarded the $1 billion contract to replace the bridge, also known as the Potomac River Bridge and which was opened in 1940. The tolled 2.7km two-lane continuous truss bridge on US 301 spans the Potomac River between Newburg in Maryland and Dahlgren in the state of Virginia. Construction of the
    Read More
  • East Africa's new connection
    April 30, 2012
    A new US$743 million road project now looks set to go ahead that will radically improve transport connectivity between Kenya and Ethiopia. The government of the two countries recently agreed a deal to co-develop a network of roads measuring some 880km in all to connect these neighbouring nations. The Mombasa-Nairobi-Addis Ababa link is expected to take three years to construct and will form part of the Trans-African Highway corridor. The project is being financed with a loan from the African Development Ban
    Read More
  • Italy: Astaldi takes out loan for Turkish motorway project
    June 18, 2015
    Italian civil engineering group Astaldi has underwritten a €4.5 billion (US$5 billion) loan towards the Turkish motorway project of Gebze-Orhangazi-Izmir, which is worth an overall €5.65 billion ($6.4 billion). According to the La Repubblica newspaper, the loan facility will be used to complete the 301km last stretch of the motorway and link the city of Bursa, south of the Sea of Marmara, and the Aegean port of Izmir. Part of the loan will be used to refinance stretches that are under construction for
    Read More
  • Funding for new Egyptian road tunnel project
    November 1, 2019
    Funding is being secured for a new Egyptian road tunnel project. improvements will be carried out along a 350km stretch of road connecting to the resort. New drainag
    Read More

Highlighted Content