EIB pledges USD261 million for Morocco road

The European Investment Bank has approved a USD261.3 million loan to Morocco to construct an important section of a major highway east of the country. The funds will be funneled into the improvement of the Taza-Oujda road to facilitate economic development in the region and to further develop its road network. To date, the EIB has already given roughly USD907.8 million to Morocco for the construction of the country’s roads alone. (Source: Morocco gets 180 million euros loan from EIB/Afriquenligne)

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