ANP Port Upgrade (EBRD-47650)

Countries
  • Morocco
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
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.
Voting Date
Sep 6, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Agence Nationale des Ports
The holder of the loan, grant, or other investment.
Sectors
  • 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)
$ 45.36 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 40,000,000.00
Converted using 2016-08-19 exchange rate.
Project Cost (USD)
$ 52.16 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 46,000,000.00
Converted using 2016-08-19 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Sep 22, 2017

Disclosed by Bank Aug 19, 2016


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Project Description
The EBRD is considering a non-sovereign loan of up to EUR 40 million to the Agence Nationale des Ports ("ANP") to finance the the rehabilitation, the upgrade and the strengthening of the protection infrastructures in the Moroccan ports of Agadir, Safi and Nador (the "Project"). The Bank's loan would be accompanied by the mobilisation of grant funding from the Global Environment Facility.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information
Company Contact Information Abdellatif Lhouaoui lhouaoui@anp.org.ma 0021206 61 84 16 66 00212 5 22 78 61 03 http://www.anp.org.ma 300, Mandoura, Sidi Maârouf, 20270 Casablanca Accountability Mechanism of the EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD’s own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.