Work on a new highway is commencing in Morocco

Construction activity is commencing on a key highway link in Morocco. Preparation work for the El Jadida-Safi motorway has been underway since September 2012. This new highway will stretch 143km and will connect El Jadida to Jorf Lasfar, Sidi Smail, Sidi Bennour, Oualidia and finally Safi. The work is being split into four sections. The project is expected to cost US$632.5 million and will be financed in part by the European Investment Bank, which has agreed to invest close to $326 million. The Arab Fund fo
March 15, 2013 Read time: 1 min
Construction activity is commencing on a key highway link in Morocco. Preparation work for the El Jadida-Safi motorway has been underway since September 2012. This new highway will stretch 143km and will connect El Jadida to Jorf Lasfar, Sidi Smail, Sidi Bennour, Oualidia and finally Safi. The work is being split into four sections. The project is expected to cost US$632.5 million and will be financed in part by the 1054 European Investment Bank, which has agreed to invest close to $326 million. The 3409 Arab Fund for Social and Economic Development (FADES) will loan the El Jadida-Safi motorway project $105.4 million. Developers plan to construct six interchanges at El Jadida Est, El Jadida Sud, Sidi Smail, Jorf Lasfar, Safi and Oualidia. The highway should be operational in 2015 and once complete, it will help develop tourism, mining and industrial activities in the Doukkala-Abda region.

For more information on companies in this article

Related Content

  • Investment for Brazil’s Sao Paulo ring road
    June 8, 2012
    A new loan has been approved that will help finance works on the northern stretch of the Sao Paulo ring road in Brazil. The US$1.15 billion loan is being provided by the Inter-American Development Bank (IADB). Approval for the IADB loan has come from Brazil’s Committee for Economic Affairs (CAE) at Brazil's Senate. The loan will finance construction of the Rodoanel Norte stretch of the ring road. This measures some 44km long and will connect with the west and east sections of the ring road as well as linkin
    Read More
  • Road transport key to Africa's trade links
    February 17, 2012
    Road transport is the key to improving Africa's links within its own territory, and further afield as Patrick Smith reports. Development of road transportation is the key to the future of the African economy, and countries on the continent are making great strides. According to a report by a transport infrastructure expert at the New Partnership for Africa's Development (NEPAD), within the next 15 years the value of trade in Africa could reach US$250 billion if a $32 billion investment is made to integrate
    Read More
  • Loan helping fund Slovenian highway project
    June 18, 2015
    The European Investment Bank (EIB) is providing a loan worth €145 million that will help fund a key highway project in Slovenia. The loan is being given to the Slovenian state highway company DARS for the project to construct a 13km section of the Drazenci to Gruskovje highway. The total cost of the project is €303.4 million. The remainder of the financing required is being provided jointly by the EU and Slovenia itself. Construction work on the project is due to commence in 2015 and continue until mid-2018
    Read More
  • Morocco's road programme boosts economy
    February 9, 2012
    A major road programme instigated by King Mohammed VI of Morocco is helping to boost the country's economy and modernise infrastructure. This forms part of a plan to boost tourism, a key part of the country's income from 8 - 10 million. There were less than 300km of motorways existing when King Mohammed VI inherited the throne from his father in July 1999. Since then, the figure has increased to over 1,000km and this is set to almost double in the next five years. A hugely significant highway programme was
    Read More

Highlighted Content