EBRD Loans Morocco Additional €100 Mln To Build Nador Port

The European Bank for Reconstruction and Development (EBRD) is lending an additional €100 million to state-run company “Nador West Med” (NWM) for the construction of a port in Morocco’s eastern region.
The EBRD is also providing a €1 million technical cooperation package to investigate NWM’s potential involvement in the hydrogen value chain, wrote its statement on Monday.
The new funding will help unlock the eastern region’s economic potential, as the port is expected to attract major foreign direct investment. The port terminals will serve as a catalyst for market expansion and a direct source of private-sector investment opportunities. It will also support local industry development.
NWM port is part of a larger development plan for Morocco’s eastern region, and it will directly contribute to the reduction of regional disparities and the development of the region economically.
The loan is the second tranche of a €200 million loan deal negotiated by the EBRD in 2015.