Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Morocco
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • European Bank for Reconstruction and Development (EBRD)
Status: Approved
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-11-02
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Kingdom of Morocco
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Construction
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 132.66 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported EUR 120,000,000.00
Converted using 2016-11-02 exchange rate.
Project Cost (USD): $ 451.04 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

Currency conversion note:
Bank reported EUR 408,000,000.00
Converted using 2016-11-02 exchange rate.

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Primary Source

Original disclosure @ EBRD website
Updated in EWS: 2017-09-22
Disclosure Date: 2016-07-26
Saiss water conservation project
EBRD-48414

Project Description
The EBRD is considering a sovereign loan of up to EUR 120 million to the Kingdom of Morocco to finance a 135 km primary transmission pipe from the Mdez dam to the Saiss plain in Northern Morocco (the "project") as part of a staged project. The project's objective is to replace water abstraction from the local aquifer and water resources of the Saiss plain, which is currently overexploited.
Investment Description
Contact Information
COMPANY CONTACT INFORMATION Ahmed El Bouaria elbouari@agriculture.gov.ma +212 530 10 31 77+212 537 29 75 44 www.agriculture.gov.ma Station Dbagh-Avenue Hassan II BP 607, Rabat, Maroc ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.