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

  • Funds for Poland’s highways maintenance, repairs
    May 14, 2012
    Poland’s government plans to boost highways spending in 2011 with a budget of €8.72 billion, an increase of €3.73 billion over the budget set for 2010. However, there is some scepticism as to how such a substantial sum will be found, especially given the spending restrictions the country is already seeing.
    Read More
  • Renault gets EIB loan for EV R&D
    March 15, 2012
    The European Investment Bank (EIB) has granted a US$237 million loan to the Renault Group to contribute to R&D for a new generation of batteries and motors for electric vehicles.
    Read More
  • A11 Belgium motorway is first EIB Project Bond Initiative funded project
    March 27, 2014
    Belgium’s €577.9 million A11 motorway Public-Private Partnership (PPP) project has become the first greenfield infrastructure works to receive credit enhancement under the European Commission and EIB (European Investment Bank) Project Bond Initiative. The financing, secured by an EIB letter of credit, is part of the test phase for the 2012 Brussels-launched Project Bond Initiative aiming to invigorate capital market financing for infrastructure projects. The A11 motorway is due for completion in 2018. The
    Read More
  • Loans for Georgian roads
    July 20, 2012
    Loans from the European Investment Bank (EIB) and the EU will finance highway work in Georgia. The funds will be used to pay for the construction of the high-speed motor road running from West – East across Georgia. The EIB will give a long-term preferential credit worth €170 million, while the EU will provide a €20 million grant. As part of the project, a four lane highway measuring 52km will be built from Samtrediya – Grigoleti, while the 16km section Grigoleti - Kobuleti stretch will be repaired.
    Read More

Highlighted Content