The EBRD is to approve a 200 million euro loan today

The EBRD will bet big on the Nador West Med project, Phase I. And it is today that its Board of Directors is to meet to approve the granting of a 200 million euro loan to the public company Nador West Med (NWM), responsible for the development, planning and management of this port and industrial complex. This loan to be granted by the EBRD (European Bank for Reconstruction and Development) should represent more than 20% of the financial envelope intended for this first phase of development of the project, which consists of the construction of port infrastructure.Once approved, it will constitute the largest amount ever granted by the EBRD to Morocco for a single project. All infrastructure work should require total funding of approximately 10 billion DH. This project will be financed by equity for approximately 4.6 billion DH by the main shareholders of NWM: 2.24 billion DH to be provid…