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

  • Romanian road issues
    March 5, 2012
    Political controversy is looming with the revelation that Romania's National Road Company (CNADNR) has spent some €1.5 billion on upgrading 2,800 km of roads since 2004.
    Read More
  • Tunisia’s new Bizerte Bridge
    August 27, 2024
    €245 million for Tunisia’s new Bizerte Bridge.
    Read More
  • Second Danube bridge construction approved
    May 15, 2012
    Official approval is now being given for changes to the agreement between the Bulgarian authorities and the European Investment Bank (EIB) for the second Danube bridge project. So far the EIB is providing €50 million, with €5 million having already been used. The Bulgarian authorities are agreeing to accept a shorter loan period of 14.5 years rather than the 17-year term originally agreed with the EIB.
    Read More
  • Tunisia to rebuild road routes
    November 2, 2015
    Tunisia has major plans to upgrade its road network, with work due to commence in 2016. The Tunisian Government has said it intends to modernise 718km of roads across the country. The aim is to widen roads to 7.6m so that they meet international standards. The scheme will cover 21 governorates. Five national roads will be upgraded with a total distance of 105km, while 20 regional roads covering a distance of 320km will be updated. The project will also improve 20 local roads with a total distance of 294km.
    Read More

Highlighted Content