Home / Finance & Economy / ADM: Major EIB loan to The Kingdom

ADM: Major EIB loan to The Kingdom

The European Development Bank (EIB) will grant the National Motorways of Morocco (ADM) a major loan to finance the 2/3-way widening projects of the Casablanca-Berrechid motorway section and the Casablanca bypass.

A loan agreement will be signed on Monday, March 11 in Rabat, between the EIB Vice President in charge of the Maghreb, Emma Navarro and Anouar Benazzouz, General Manager of the National Highway Company of Morocco.

These projects, whose work will last three years, will require an overall investment of 1.5 billion dirhams. The first project concerns the widening to 2/3 lanes of the Casablanca/Berrechid highway of 26 km and which has the distinction of serving Casablanca Mohammed V international airport. As for the second, it concerns the 31 km long bypass of Casablanca.

For more than 27 years, the National Motorway Company of Morocco (ADM) has operated a total network of 1,800 km of motorway lanes, crossing several regions of the kingdom and serving more than 60% of the population.

Check Also

CHRYSO Strengthens Its Presence in Morocco with APTEX

The CHRYSO Group, one of the world leaders in construction chemicals, today announced the signing …

Leave a Reply