EBRD Invests Big in Nador Port

  • Business & Finance

The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €200 million to Société Nador West Med to finance the basic infrastructure for a new port on the Mediterranean coast of Morocco, 30 km from the town of Nador.

The EBRD investment will contribute to the construction of a breakwater, quays, dredging and related infrastructure works in the port.

During the port’s construction phase a number of environmental protection measures will be incorporated, including the reduction of the port’s carbon footprint by using a lower-carbon cement.

In addition, €1 million of technical cooperation assistance funded by the EBRD Shareholder Special Fund and the SEMED Multi-Donor Account will provide management support, a lender’s monitoring consultant and will facilitate the implementation of the environmental and social action plan.

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