New port to stimulate economy in Morocco’s north-east
The EBRD is investing in the construction of a new port on the Mediterranean coast of Morocco, 30km from the town of Nador in the east of the country. A loan of up to €200 million to Nador West Med (NWM) will finance the construction of a breakwater, quays, dredging and related infrastructure work.
The port will feature terminals for storing and handling containers and bulk cargo and will contribute to the economic development of Morocco’s north-eastern Oriental region, where unemployment is a problem.
NWM, which is owned by the Moroccan government, will incorporate environmental protection measures into the construction process, including the use of lower-carbon cement. In addition, €1 million of technical assistance funded by the EBRD Shareholder Special Fund and the SEMED Multi-Donor Account will provide management support and facilitate the implementation of an environmental and social action plan.
Loan of up to
million to Nador West Med