The European Investment Bank (EIB) and the Moroccan Motorway Company, la Société Nationale des Autoroutes du Maroc (ADM), signed Monday in Rabat an €80 million financing agreement meant to upgrade highway infrastructure in an around Casablanca. The amount will finance the tripling of the Casablanca-Berrechid highway lanes on 25.8 km and the construction of a 31.7 km long bypass of Casablanca. The project aims to relieve traffic congestion in the Greater Casablanca, improve transport conditions, develop mobility and strengthen road safety. The EIB vice president who is paying her first visit to Morocco this March 11-12 will meet Moroccan senior officials as well as representatives of diplomatic and business institutions. Benefiting from 25% of the bank’s total investment in the region, Morocco is the second-largest recipient of EIB financing from neighboring southern European countries.

Source: The North Africa Journal March 11, 2019 17:48 UTC