The African Development Bank announced Friday that it would help improve the operational efficiency of airports across Morocco with a loan of 240 million euro. In a statement, the Tunis-based bank said this project involved upgrading facilities at the Casablanca, Fez, Agadir, Marrakech and Rabat airports, which handle the bulk of air traffic to and from Morocco and also extensions to Oujda and Tangier airports which are expecting greatly increased arrival numbers in the coming few years. The project is estimated at about 320.03 million euro. The bank loan will cover the foreign currency cost of the project, representing 75 percent of the total cost, it said.
Robert Shaw
Elite Morocco Properties
T: +44 (0) 208 529 3635
E: info@moroccoproperties.net
1: www.moroccoproperties.net
2: www.marrakech-property.net
