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The Kingdom of Morocco 

Mohammed V Airport Development


 

Loan No.: 389 Interest Rate: 4.5%
Beneficiary: National Airports Office Grace Period: 4 years
Project Cost: KD 13.8 million Maturity: 22 years
Amount of Loan: KD 10.0 million Repayment: 37 semi-annual installments
Date of Loan Agreement: 23/11/1999 First Installment: 4 years following the first disbursement
Date of Effectiveness: -    

 

Objectives:

The project aims at improving the air transport services by accommodating the increasing demand for air transport services of passengers and freight through Mohamed V International Airport, which represents the main national and international airport. The project also aims at supporting and improving the tourism industry , which is a main element in the country's economic and social development.

Description:

The project represents the third phase in developing Mohamed V airport in Casablanca. It consists of the construction of a departure terminal fully equipped with modern equipment and facilities required to enable the airlines to provide the appropriate services to the passengers and freight. Main components of the project include:

  1. Construction of the Terminal: This includes the construction works of the departure terminal, which is about 25,000 m2, comprising the departure halls and the provision of necessary furniture and equipment including the airlines passenger-services halls, security and safety equipment, lifts and escalators, and all other related services and ancillary works.

  2. Equipment: This includes the installation of six mobile bridges for plane parking with all related facilities, luggage-handling equipment and the audio-visual systems required for the management and control of the terminal operations .

  3. Roads and Parking Areas: This includes the rehabilitation and strengthening of the apron in front of the mobile bridges, and pavement of roads and parking areas for vehicles outside the terminal.

  4. Consultancy Services: This includes performing studies, design and supervision of the project.

 

Financing:

The Arab Fund loan covers around 73% of the total project cost. The borrower will cover the remainder of the project costs.

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