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Marrakech Region Water Supply Project in Morocco Approved for Funding

PROJECT NEWS

8 November 2012 – The Executive Directors of the African Development Bank Group has approved a loan of US $120 million and US $37 million (about 122 million UA in all) to help finance the Marrakech Region Water Supply Project in Morocco. The announcement was made at the Bank Group meeting in Tunis on Wednesday, 7 November.

This project is the Bank’s 12th operation in the water supply and sanitation sector for the Kingdom of Morocco estimated at US $1.2 billion (UA 800 million). The project will meet the water needs for domestic, tourist and industrial (mining) within the framework of inclusive development and integrated management of water resources.

It will ensure the drinking water needs of about 3 million people by 2030 and meet the needs of the country’s phosphate industry (Office Chérifien des Phosphates, or OCP). The French Development Agency (AFD), the National Electricity and Drinking Water Authority (ONEE) and OCP will contribute to the funding of the project which will be implemented over a period of five years.

The Board commended the Bank’s management and the project team for the project’s relevance and the quality of the evaluation report.  To see the Project Appraisal Report, go to http://www.afdb.org/fileadmin/uploads/afdb/Documents/Project-and-Operations/Morocco%20-%20Marrakech%20Region%20Water%20Supply%20Project%20-%20Appraisal%20Report.pdf

For more information about AfDB projects in the Kingdom of Morocco, visit http://www.afdb.org/en/news-and-events/morocco/.

The African Development Bank (AfDB) is a regional multilateral development finance institution established in 1964 to mobilize resources towards the economic and social progress of its Regional Member Countries (RMCs). It is headquartered in

Abidjan (Côte d’Ivoire). Since beginning operation in 1966, the Bank has become a key player in promoting economic and social development in African states.  The African Development Fund established in 1972 and the Nigeria Trust Fund established in 1976, constitute with the AfDB as the flagship, the African Development Bank Group. For more information, visit www.adbg.org.

Source: African Development Bank