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08 August 2020 The on-line newspaper devoted to the world of transports 07:55 GMT+2

July 3, 2020

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100 million euro loan from Agence Francoise Développement to improve the competitiveness of Moroccan ports

The agreement also includes technical assistance

The French Agence (AFD) and the Moroccan Agence Nationale des Ports (ANP) signed a loan agreement worth 1.1 billion euros (100 million euros) associated with a grant of technical assistance of 8.7 million dirhams (800,000 euros), to improve the competitiveness of Moroccan ports managed by the ANP, to increase their resilience to the effects of climate change and to strengthen their integration with the urban fabric.

"Our 2018-2024 investment programme - explained Nadia Laraki, Director General of the Agence Nationale des Ports - will consolidate the development and modernisation of the port fabric in order to stimulate the socio-economic impact of port areas in their hinterland. Our vision through This program also complements the size of the development sustainable development, in particular the opening of ports to their city, a lever of enhancement of the territory development of urban spaces and the creation of new activities that generate wealth and work."

The financial and technical partnership between ANP and AFD initiated in 2012 by the AfD's grant to the ANP EUR 50 million loan and a support grant 300,000 euros.

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