This financing completes a first of nearly 113 million euros, granted by the Bank in 2015, said a statement by the AfDB, published on the sidelines of the 57th meetings of the Bank, held in Accra.
The project involves the construction of two twenty-foot equivalent container terminals of three million, a specialized bulk station of four million tons and a general cargo terminal of 33 million tons, said the AfDB.
Nador West Med will be backed by a commercial, industrial, logistics and tertiary pole located in an integrated economic zone that will offer new employment opportunities, the same source said.
“At the crossroads of important routes for the transport of containers and hydrocarbons, the construction of this new port infrastructure in deep waters, consolidates the presence of the Kingdom of Morocco on the world’s maritime routes,” said the Director General of the AfDB Group for North Africa, Mohamed El Azizi, quoted in the statement.
“It will be a factor of attractiveness for the Eastern region. A real driving force for growth and regional integration,” said El Azizi.
For his part, the country manager of the Bank Group for Morocco, Achraf Hassan Tarsim, noted that Nador West Med demonstrates how a state-of-the-art infrastructure, designed in harmony with its environment and its territory, transforms an entire region to open it to the world with the development of new industrial sectors and the creation of thousands of jobs.
Nador West Med also aims to increase the logistical competitiveness of the national economy and secure the country’s supply of hydrocarbons, draining part of the world’s maritime activity that transits through the Mediterranean basin.
In the logic of active complementarity, this new infrastructure complements the Tangier Med port, inaugurated in 2004.
Source: Agency Morocaine De Presse