EXTENSION TRAMWAY RABAT SALE (EIB-20160016)

Countries
  • Morocco
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
SOCIETE DU TRAMWAY DE RABAT-SALE SA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 59.02 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 50 million
Converted using 2017-08-25 exchange rate.
Project Cost (USD)
$ 149.92 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 127 million
Converted using 2017-08-25 exchange rate.
Bank Documents
Primary Source

Original disclosure @ EIB website

Updated in EWS Aug 25, 2017

Disclosed by Bank Jul 14, 2017


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
Le projet porte sur les travaux d'extension de la deuxieme ligne du tramway de Rabat Sale sur une longueur de 2,4 kilometres et 4 stations dans la ville de Rabat et de 4,6 quilometres et 9 stations dans la ville de Sale pour un total de 7 kilometres et 13 stations. Le Promoteur rendra egalement disponibles 22 rames en unite simple de 33 metres pour l'exploitation du service. Le projet vise l'amelioration de la qualite de l'offre de services de transport en commun dans l'agglomeration de Rabat Sale, qui compte plus de 2 million d'habitants et qui souffre d'une forte congestion routiere et d'un veritable manque d'alternatives de transport public. Les resultats escomptes du projet sont un saut quantitatif de la capacite des transports publics et de la fiabilite du service associe avec des frequences plus elevees et des gains de temps assures. Cette amelioration favorise le report modal en reduisant les nuisances associees a d'autres modes de transport tels que les voitures particulieres, les bus et les taxis (emissions polluantes et sonores, de gaz a effet de serre ainsi que l'accidentologie routiere). En plus de ses effets structurants sur le reseau de transport en commun, le projet devrait contribuer a l'amelioration du cadre de vie des quartiers desservis par le trace de la nouvelle ligne de tramway, dont certains defavorises, et renforcer la cohesion sociale par une amelioration de l'accessibilite aux bassins d'emplois et aux principaux centres d'activites de la ville, en particulier pour les quartiers les plus pauvres de la ville, aidant ainsi a reduire la pauvrete.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
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ACCOUNTABILITY MECHANISM OF EIB The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form, via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces

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