“The Compact II is timely to help solve the problem of land.” This was stated by Moulay Hafid Elalamy, Minister of Industry, at the launch meeting of the call for projects of the Fund for Sustainable Industrial Zones (Fonzid). This new financing instrument is part of the “Productivity of Land” program, provided by the Millennium Challenge Corporation’s Compact II.
Operators began bidding on Friday 1 March. A deadline of 4 months is planned before the announcement of the results. Concretely, the Fonzid “aims to reinforce the model of sustainable industrial zones and to contribute to the improvement of the productivity and the environmental and social performances of the companies”.
It will have to provide financial and technical support to the project leaders during the assembly, refinement and implementation of the selected projects, particularly through the strengthening of organizational and technical capacities. With a budget of 30 million dollars, the Fonzid is articulated around 2 components: creation or extension of the sustainable industrial zones, and requalification of the existing industrial zones.
For creations, the contribution is capped at 50% of the overall cost of the project, whereas for requalification, the subsidy can reach 70% of the cost. The Fund is open to private operators but also to public entities in charge of the development and management of industrial property projects. The selection of projects will be based on specific criteria defined in the fund’s procedures manual.
For Abdelghni Lakhdar, CEO of the MCA agency in Morocco, “the submitted projects must represent real models in the field of sustainable industrial zones”. But beware, “they must be achievable during the remaining period of the Compact II, ie 3 years”. He reminded that the launch of this call for projects is based on the results of a parameterization survey which aimed to ensure its relevance.
To submit an application, the project holder is asked to register on the Fonzid website and fill out the eligibility verification form on the online submission platform. Only eligible applicants will be able to progress in this online process. Last step: fill in the online application form.