The African Development Bank has committed €246 million to the construction of the Guercif-Nador highway project (PAGN), according to a press release issued on Monday
The PAGN received €200 million from the African Development Bank and €46 million from Africa Growing Together Fund (AGTF).
It is expected to connect the Kingdom’s road network to the large Nador West Med Industrial port complex, as highlighted in the same source.
In addition, it intends to increase the Oriental region’s connectivity to encourage more investment and generate new economic as well as job opportunities.
It also seeks to enhance road safety and connect to the motorway network, as well as contemplate the future port of Nador West Med, which would boost the number of products transiting through the region.
The project is expected to increase the Oriental region’s logistical competitiveness by improving access to Nador West Med’s port and prospective business park. In addition, it is expected to reduce transportation and vehicle maintenance costs as well as improve both mobility and road safety.
Morocco’s transportation sector, according to the same source, is a crucial engine of economic growth, accounting for 2.8% of national GDP by 2022 and contributing 10% of government revenue.
The project comes as part of an effort to boost Morocco’s transportation infrastructure and related services to strengthen its logistical competition and attractiveness.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.