Morocco to receive EIB funds for road projects

Moroccan road development fund CFR (Caisse pour le Financement Routier) is to receive a US$206.96 million loan from the European Investment Bank (EIB). The funds will be used for road modernisation in order to reduce congestion and improve the safety of road users. Around 30 sites will be modernised and 1,650km of roads will be widened.
March 27, 2014 Read time: 1 min
Moroccan road development fund CFR (Caisse pour le Financement Routier) is to receive a US$206.96 million loan from the 1054 European Investment Bank (EIB).  The funds will be used for road modernisation in order to reduce congestion and improve the safety of road users. Around 30 sites will be modernised and 1,650km of roads will be widened.
Road Structures

For more information on companies in this article

Related Content

  • Albanian road investment
    May 15, 2012
    The European Bank for Reconstruction and Development (EBRD) is providing major funding in Albania’s road network. A loan worth €53 million will help pay for the construction of the new Fier and Vlore bypasses. This loan will aid further development of the Albanian road network and boosting economic integration in the country by co-financing the construction of the two bypass roads, located in south-western Albania. The EBRD loan is structured in two tranches and will be used by the Albanian Road Authority t
    Read More
  • 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.
    Read More
  • EIB funds for Greek highway construction
    November 15, 2013
    The European Investment Bank (EIB) is throwing Greece a much-needed economic lifeline in the shape of a €550 million loan. The funding will be used to build new roads and repair existing links, as well as to invest in business. Some €350 million will be used for the construction of 239km of new highways, as well as upgrades to 434km worth of existing roads. The work is expected to help lift Greece’s struggling economy by providing new jobs, as well as encouraging business growth. The funding will help to re
    Read More
  • Morocco motorway project funding secured
    March 12, 2019
    Funding has been secured for two motorway widening projects in Morocco.
    Read More

Highlighted Content