Agence Nationale des Ports (ANP)-Port Upgrade (EBRD-51827)

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.
Borrower
Agence Nationale des Ports
The holder of the loan, grant, or other investment.
Sectors
  • 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)
$ 43.46 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 2020-04-20 exchange rate.
Project Cost (USD)
$ 49.67 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 45,715,456.00
Converted using 2020-04-20 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Apr 24, 2020

Disclosed by Bank Apr 20, 2020


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Project Description

According to bank documents, the project involves provision of a non-sovereign loan of up to EUR 40 million to the Agence Nationale des Ports ("ANP") to finance the rehabilitation, the upgrade and the strengthening of the infrastructures' resilience in the Moroccan ports of Agadir, Kenitra, Casablanca, Sidi Ifni, Tan-Tan and Larache. The Bank's loan would be accompanied by the mobilisation of grant funding of USD 6.2 million from the Global Environment Facility.

The Project's objectives are to support ANP in financing some components of its investment programme, with the aim to preserve the ports infrastructure assets, improve the infrastructure resilience, and integrate and mainstream climate change adaptation measures into ANP's infrastructure investments. This will lead to a systemic impact on how ANP incorporates climate change adaptation into its investments.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors
Contact Information

M. Abdellatif LHOUAOUI
LHOUAOUI@anp.org.ma
00 212 5 20 20 07 32
https://www.anp.org.ma/Pages/Home.aspx 

ACCOUNTABILITY MECHANISM OF 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.