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TunisiaEBRD lends further support to Moroccan Nador West Med port
The European Bank for Reconstruction and Development (EBRD) is providing additional loan financing of €100 million to Société Nador West Med (NWM) for the construction of the Nador West Med port in the Oriental Region of Morocco.
The loan is a new, second tranche under a €200 million EBRD loan agreement signed in 2015.
Nador West Med Port is part of a wider development plan for the Oriental Region of Morocco and will directly contribute to a reduction in regional disparities and support the area’s economic development. It will also improve regional access to infrastructure.
The new financing will help unlock the economic potential of the Oriental Region, as the port is expected to attract significant foreign direct investment. The port terminals will act as a catalyst for market expansion and a direct source of private-sector investment opportunities, and encourage the creation of local industry.
Countries covered:
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Morocco
