Morocco Secures EIB Aid for Road, Port Projects

The European Investment Bank will provide euro420 million (USD577.56 million) for two priority infrastructure projects in Morocco, local government officials have announced.

The bank has approved a euro220 million for the construction of a 175 highway near the city of Casablanca and another euro200 million loan for the expansion of the major port complex in the northern part of the country, Reuters reports.

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    Ivy Mungcal

    As senior staff writer, Ivy Mungcal contributes to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.