Morocco: 100 million euro loan by WB for urban transport
10 June 2011
The World Bank (WB) has granted Morocco a loan of 100 million euros to finance a new urban development policy throughout the Kingdom.
The agreement was signed last Wednesday in Rabat, by the Minister for the Economy and Finances, Salaheddine Mezouar, and the Director of the Maghreb department of the WB, Simon Gray, reports the MAP press agency.
The funding will help to upgrade urban transport in the large conurbations of the Kingdom, by increasing the capacities of urban transport systems and providing a regulatory framework.
The project includes in particular the creation of a National Urban Transport Commission (CNTU) to co-ordinate and harmonize public transport policies and strategies, as well as restructuring bus services in Rabat-Salé-Témara and Casablanca.
The secretary of State at the Ministry of the Interior, Mohamed Saad Hassar, said at the signing that this loan formed part of a new phase of decentralization, reports the newspaper Au Fait.