Shanghai Daily
RABAT, March 20 (Xinhua) — The European Investment Bank (EIB) granted Morocco a loan of 1.65 billion dirhams, or 205 million U.S. dollars, to finance its road network modernization program, local media reported on Thursday.
The loan will help Morocco expand and upgrade about 1,650 km of roads, the country’s Ministry of Transport said.
The program is part of Morocco’s integrated development plan to improve its transport sector and strengthen its economic competitiveness.
The EIB has granted Morocco 1.86 billion dollars in total during the past three years to finance its social and economic projects.
