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

  • Mexican work delayed
    May 22, 2012
    The commencement of work on a key road project in Mexico that will link Oaxaca and Puerto Escondido has now been delayed for 30 months. The project is expected to cost US$318 million to build and the construction work will start in January 2012. Once the highway is complete it will reduce the journey time between Oaxaca and Puerto Escondido from the current 6-7 hours to just 2-2.5 hours. Omega has awarded the work to contractor ICA. Delays with the project have been a result of Omega having difficulties in
    Read More
  • More financial doubt over proposed Fehmarn Belt Tunnel
    March 17, 2017
    The proposed Fehmarn Belt Tunnel to link Denmark and northern Germany will never be economically viable, according a report commissioned by German ferry operator Scandilines. Revenue and traffic forecasts are unrealistically high, notes the report completed by German consultancy DIW Econ. It is unlikely that the latest cost to build the massive road tunnel, around €7.4 billion, would ever be recovered. The Fehmarn Belt is a strait between the German island of Fehmarn and the Danish island of Lolland. Cur
    Read More
  • Safe Roads Safe Kids Project: delivering a safe journey to school
    October 15, 2018
    Every year 186,300 children die from road traffic crashes around the world. That is more than 500 children every day. Road traffic injury ranks among the top four causes of death for all children over the age of five years. According to data reported by the Moroccan Comité national de prévention des accidents de la circulation (CNPAC), young people below the age of 14 represent 15% of all the deaths on Moroccan roads and the majority of these are pedestrians. Many of these fatalities are amongst children
    Read More
  • Worrying decline in road safety in US
    July 4, 2016
    There has been a worrying increase in traffic fatalities in the US, according to the latest available information. The data has been released by the US National Highway Traffic Safety Administration (NHTSA), showing that traffic fatalities for 2015 were 7.7% higher than for 2014. Road deaths reached 35,200 in 2015, compared with 32,675 in 2014. The data reveals a disquieting trend as the US road fatality rate for 2015 was the highest for seven years. While the total distance travelled by US drivers increase
    Read More

Highlighted Content