The European Investment Bank (EIB) and Morocco signed three loan agreements worth 440 million euros, Aufait Maroc reported on Sunday (December16th). More than half of the money will be used for the construction of a 142km highway between El Jadida and Safi. The remaining funds will support the expansion of the electricity grid and waste water projects.
Morocco: European Bank Supports Local Development
Copyright © 2012 Magharebia. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.
AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.