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AfDB funding: € 75 million for the new terminal at Rabat Airport

The African Development Bank (AfDB) has financed 75 million euros for the new terminal at Rabat-Salé International Airport.

This Airport Expansion and Modernization Project consolidates the Bank’s historical support in the transportation sector, particularly in the aviation sector. This support has already contributed to the increased operational capacity of the airports of Fez, Casablanca, Marrakesh, Agadir and Oujda to cope with the doubling of air traffic by 2020.

“More generally, this project will unlock Morocco’s tourism potential and position it as a regional logistics hub,” said Leila Farah Mokaddem, Country Manager for Morocco.

Thanks to this new operation, the airport will be able, at the end of the works, to quadruple its capacity to 4 million passengers per year and to double its cargo handling capacity to 2800 tons per year. In addition, this dynamic of development will be especially inclusive with the expected creation of 1,700 direct jobs.

The new airport infrastructure will benefit in particular the neighboring city of Kenitra, as a new industrial platform and important employment pool, with its free zone, which hosts renowned industrial groups.

Present in Morocco since 1970, the AfDB has financed several projects and programs in the strategic sectors of the Moroccan economy, for more than 10 billion dollars.

At the end of 2018, the Bank’s active portfolio has more than 30 programs and projects, representing approximately $ 3 billion of commitments in the energy sectors (38.4%); transport (21.2%); water and sanitation (14.9%); multisectoral and social development (14%) and agriculture (11.5%).

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