FDA grants 317 million dollars to Morocco

13 December 2010

The French Development Agency has just granted Morocco two loans totaling 317.15 million dollars to finance a high-speed rail track and several sanitation projects, reports the MAP press agency.

The first loan was granted to the National Railways Office to realize the LGV (Ligne de train Grande Vitesse) or high-speed rail track project, which is planned to enter service by the end of 2015.

More than 290 million dollars have been allocated by the FDA for this 200km track, which will connect Tangier to the town of Kenitra. The total cost of the works amounts to 2.4 billion dollars.

The second loan, totaling 26.4 million dollars, will finance the first phase of a project to renovate and extend sanitation networks and to construct purification plants in 29 towns.

In total, in 2010 the FDA will have invested 298 million Euros in Morocco.

Categories: Water, Transport

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