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

  • Funding found for Romanian road
    January 20, 2015
    A €305.7 million loan is being provided to Romania through the European Commission. This will be used to to fund the construction of the Cernavoda-Constanta section of the Sun Highway. The loan will not have to be repaid as it will fall under the Cohesion Fund. The Romania retroactively requested the EU to fund the Highway after contracting with the European Investment Bank in 2005 for a loan to cover construction costs.
    Read More
  • Poland's highway plans to go ahead
    May 15, 2012
    In Poland, the European Investment Bank has committed itself to maintaining its loan agreement for the A1 highway, despite recent problems over the project. The e1.1 billion loan that the EIB had agreed with Autostrada Poludnie for construction of a 180km section of the A1 highway from Strykow to Pyrzowice, will now be placed at the disposal of the Polish highway authorities. To carry out the work, Poland has to raise a further e503 million, which could be obtained from an issue of road bonds. Autostrada Po
    Read More
  • Pre-qualifying call for Bosnia’s Prenj Tunnel
    July 16, 2022
    The 10.5km-long tunnel on the Bijaca-Svilaj motorway will likely cost around €400 million.
    Read More
  • Albanian PM promises new road infrastructure project cash
    September 11, 2012
    Albanian primeminister, Sali Berisha, has promised that his government will keep up its investment in road infrastructure projects, due to their importance to the economy. The PM was speaking at the launch of two new road sections, between Uzina e Autotraktoreve and Lanabregas, and the Bridge of Surrelit to Farka. Both of the sections were built using funding from the EBRD and the EIB, with some funding also being provided by the Albanian government.
    Read More

Highlighted Content