Casa Tramway (IFC-41818)

Countries
  • Morocco
Where the impacts of the investment may be experienced.
Specific Location
Casablanca-Settat
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
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.
Borrower
REGION OF CASABLANCA-SETTAT
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 7, 2019

Disclosed by Bank Sep 9, 2019


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Project Description

According to bank information, the Project consists of a US$ 100 million loan to support the priority investment program of the Casablanca–Settat region, one of Morocco’s twelve administrative regions. Proceeds of the loans will be used to fund two components.

  1. The first component is the Region’s contribution to Casablanca’s two new tramway lines (lines T3 and T4), that will provide improved and expanded tramway services and interconnectivity to Casablanca’s citizens.
  2. The second component consist of the financing of a regional roads program, targeting underprivileged populations in remote areas, with a focus on connecting schools, hospitals and other critical social and economic infrastructure.
Investment Description
  • International Finance Corporation (IFC)
Contact Information

Region Casablanca Settat
Ahmed El Kial

+212522441392
a.elkial@casasettat.ma 
Boulevard Victor Hugo, Quartier des Habous, Casablanca, 20250, MOROCCO

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