Kingdom of Morocco

El Jadida Safi Motorway

Loan No.:

579

Interest Rate:

3.0%

Beneficiary:

Socit Nationale des Autoroutes du Maroc (ADM)

Grace Period:

5 years

Project Cost:

KD 177.3 million

Maturity:

22 years

Amount of Loan:

KD 30.0 million

Repayment:

35 semi-annual installments

Date of Loan Agreement:

17/04/2012

First Installment:

5 years following the first disbursement

Date of Effectiveness:

--


Objectives:

The project aims at improving land transportation services on the road network in Morocco to accommodate the rapidly growing road traffic and reduce traffic accidents. This project also contributes to the economic and social development of the middle western region of the country and links it to the rest of the motorway network, and facilitates land transportation between that region and the main cities in Morocco.

Description:

The project, which is expected to be completed by the end of the second quarter of 2015, comprises the construction of El Jadida Safi Motorway. The total length of this motorway is approximately 142 km, and consists of 4 lanes, 2 in each direction with a width of 7 m, a median with a width of 3 m, and shoulders on each side of the motorway with a width of 2.5 m. The project consists of the following components:

  1. Motorway Construction: This includes civil works related to the construction of the motorway, drainage works, construction of over-passes and under-passes, as well as construction of main bridges over water courses.
  2. Ancillary Works: This includes traffic lights and other safety equipment, maintenance workshops, toll stations and related equipment. It also includes extending and restoring the services affected by the project such as water pipelines, telephone and electricity lines.
  3. Project Management: This includes setting up a project implementation unit to manage the project execution, providing consultancy services to assist in project supervision and implementation of the technical aspects of the project, as well as acquiring the services of specialized quality control laboratories.

Financing:

The Arab Fund's loan covers about 17% of the total project cost. The European Investment Bank is expected to provide a loan to cover about 50% of the total project cost. ADM and the Moroccan Government will cover the remaining cost of the project and any additional cost that may arise.


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