Displaying results 1 to 10 out of 209
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Morocco plans renewable energy investment
Home › News & Events › Infrastructure News › Morocco plans renewable energy investment
25 May 2011 The Moroccan government has revealed plans to invest €8 billion (£6.9 billion) in renewable energy projects between now and 2020. In addition, the German government has agreed to support the plan with further investment of more than €43 million. Morocco has already presented a budget for the promotion of renewable energies and energy efficiency to the council of ministers. In addition,…
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Morocco invests more than a billion dollars in road infrastructures
Home › News & Events › Infrastructure News › Morocco invests more than a billion dollars in road infrastructures
24 September 2010 Monday September 13 2010, Morocco announced its decision to devote more than 1.2 billion dollars to the development and reinforcement of its road infrastructure in the regions bordering Algeria. The aim is to improve access for the populations and to attract investments, according to an official source quoted by Agence France Presse. The funds will be used to finance a…
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Morocco signs a contract with Alstom for its first high-speed train
Home › News & Events › Infrastructure News › Morocco signs a contract with Alstom for its first high-speed train
14 December 2010 Last Friday French group Alstom signed a 400 million Euro contract with Morocco for the sale of its high speed train (TGV). The agreement includes the supply of 14 double-decker…
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AfDB Approves US $800 Million in Loans to Advance Morocco’s Wind and Solar Ambitions
Home › News & Events › Infrastructure News › AfDB Approves US $800 Million in Loans to Advance Morocco’s Wind and Solar Ambitions
in Africa with the approval of US $800 million in loans to spur private investment in Morocco’s growing wind and solar markets. The Bank’s technical and financial support of Morocco’s plan to develop a concentrated solar power (CSP) plant at Ouarzazate and its Integrated Wind/Hydro and Rural Electrification Program is helping Morocco realize its goal of increasing installed renewable energy capacity to 42 per cent by 2020 and becoming a renewable energy industry leader. “Morocco has emerged as an early leader in developing low carbon, sustainable energy on a large scale, and we are proud to support…
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JICA grants Morocco 200 million euros for infrastructures
Home › News & Events › Infrastructure News › JICA grants Morocco 200 million euros for infrastructures
3 August 2011 Morocco has just received two loans totaling about 286.5 million dollars from the Japanese international Co-operation Agency (JICA), intended to finance drinking water supply and rural road projects. The ministry for the Economy and Finance made this announcement last Friday, in a press release received by the PANA press agency. The first loan, which amounts to 213.4 million dollars,…
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Morocco: Inauguration of tramway line between Rabat and Salé
Home › News & Events › Infrastructure News › Morocco: Inauguration of tramway line between Rabat and Salé
23 May 2011 The first section of the tramway in Morocco was inaugurated last Wednesday, in the presence of King Mohammed VI. It will link the cities of Rabat and Salé. Forty four tramways, constructed by Alstom, will run on a network composed of two lines with a total length of 20 km and 31 stations. The Rabat-Salé tramway company and the French public transport development company "Transdev" have entered into a contract to operate the network for a period of six years. This project, which will have taken an investment of over 441 million dollars, will henceforth link the principal business centers…
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Morocco announces series of new energy projects
Home › News & Events › Infrastructure News › Morocco announces series of new energy projects
3 June 2011 The Moroccan Minister for Energy, Amina Benkhadra, announced last Tuesday at Oujda, at the second Moroccan Energy Conference, that Morocco was planning to bring new electricity power stations into production by 2015. These include the construction of an electricity power station using clean coal at Safi, the extension of the electricity power station using clean coal at Jorf Lasfar, the implementation of the solar power generating plant at Ouarzazate, wind power projects and two hydro-electric projects, reports the Xinhua press agency. With the aid of these new infrastructures, a new power output…
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Alstom signs agreement with Morocco for development of the rail network
Home › News & Events › Infrastructure News › Alstom signs agreement with Morocco for development of the rail network
11 January 2011 A partnership agreement in the domain of rail transport was signed January sixth in Agadir between the French group Alstom and Morocco. It relates to a total investment of 1.1 billion dollars over the next ten years for development projects in the Moroccan railway sector, with a particular policy of purchasing from railway companies already established in Morocco. The group is committed to acquiring equipment for European assembly plants for rolling stock and railway equipment at a total cost of 700 million USD. It will also invest in a new industrial unit which will produce more than 400 million USD…
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Morocco constructs a new wind farm
Home › News & Events › Infrastructure News › Morocco constructs a new wind farm
1 February 2011 A new wind farm with an output of 150 Megawatts will be constructed in Morocco, at Taza, to the north-east of Rabat. The works, which will take three years, will cost a total of 304.5 million dollars, reports the Xinhua press agency. This project is in line with the"Moroccan Integrated Wind Program" of the Moroccan Electricity Office, and the aim is to attain a total installed wind…
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China grants 248 million dollars for Berrechid-Beni Mellal highway in Morocco
Home › News & Events › Infrastructure News › China grants 248 million dollars for Berrechid-Beni Mellal highway in Morocco
16 February 2011 In Rabat last Monday, Morocco and China signed a memorandum of understanding on finance for the highway between Berrechid and Beni Mellal in the amount of 248 million dollars. The signing took place in the presence of the Moroccan minister for the Economy and Finance, Salaheddine Mezouar, who received the Chinese minister of Commerce Chen Deming. Two Chinese enterprises will be responsible for the highway works, which will go into service during 2013. It will run for a distance of 172 km. Chen Deming said that he believes that Morocco has enormous economic potential…