Skip to main content

More than US$700mn released for construction of new Moroccan motorway

Over US$ 700 million (MAD 6bn) has been released for the construction of a 172km motorway between Berrechid-Beni and Mellal in Morocco. The new highway will feature two toll booths and three rest areas. Although delays are expected, the project is due for completion in 2014. The first stretch in the Tadla-Azilal area is due for completion in June 2013. This motorway is said to form a key part of the 2008-2015 Morocco roadmap. It is funded by a loan from the Chinese government, by the European Investment Fun
January 9, 2013 Read time: 1 min
Over US$ 700 million (MAD 6bn) has been released for the construction of a 172km motorway between Berrechid-Beni and Mellal in Morocco. The new highway will feature two toll booths and three rest areas. Although delays are expected, the project is due for completion in 2014. The first stretch in the Tadla-Azilal area is due for completion in June 2013.

This motorway is said to form a key part of the 2008-2015 Morocco roadmap. It is funded by a loan from the 2719 Chinese Government, by the European Investment Fund (EIF) and the Arab Fund for Economic & Social Development (AFESD). The motorway stands to link regions such as Tadla-Azilal to the motorway system, and provide economic benefits.

For more information on companies in this article

Related Content

  • Spanish highway project to get EIB A-rated bond issue?
    April 20, 2012
    The European Investment Bank (EIB) is reported to be in talks with the sponsors of the A-66 Benavente-Zamora highway public private partnership (PPP) in Spain over a possible bond financing deal, which would see the Bank provide subordinated debt for an A-rated bond issue. The possible bond issue would be a further greenfield project to launch the European Union’s Project Bond 2020 initiative, with its initial pilot stage being managed by the EIB.
  • Morocco motorway loan for modernisation moves
    September 20, 2024
    A US$332 million loan will help upgrade Morocco’s motorways.
  • Multi-million dollar investment in Indonesian road toll projects
    July 12, 2012
    Millions of US dollars are being poured into new and expanding toll road projects in Indonesia. Wijaya Karya (Wika), the Indonesian government-owned construction service provider, will build toll roads linking Kedung Badak to Kedung Halang and Pandaan to Gempol in Bogor through two contracts worth US$36.35million (IDR 340.80bn) and US$23.98million (IDR 225bn), respectively. Awarded by highways operator Jasa Marga (JSMR), the contracts require the roads completion in 18 months.
  • Cameroon highway construction project underway
    August 31, 2021
    Work is now well underway on a key highway project in Cameroon.