Project Guelmim - Oued Noun Region (EBRD-54158)

Regions
  • Middle East and North Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Morocco
Geographic location where the impacts of the investment may be experienced.
Specific Location
Guelmim-Oued Noun Region
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
  • 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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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."
Voting Date
Nov 21, 2023
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Morocco
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Water and Sanitation
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 12.84 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 130
Converted using 2023-11-21 exchange rate.
Loan Amount (USD)
$ 12.84 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 130
Converted using 2023-11-21 exchange rate.
Project Cost (USD)
$ 26.69 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 270.29
Converted using 2023-11-21 exchange rate.
Media Documents
Community Documents
Other Related Projects
Primary Source

Original disclosure @ EBRD website

Updated in EWS Dec 8, 2023

Disclosed by Bank Nov 21, 2023

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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.

As stated by the EBRD, the project consists of the provision of a senior loan of up to MAD 130 million (equivalent to EUR 12 million) to Guelmim-Oued Noun Region to finance investments aimed to improve drinking water supply for households in rural areas in the province of Guelmim and to upgrade four existing Waste Water Treatment Plants (WWTPs), enabling the reuse of treated water for watering green spaces in the Region.

The Bank's loan will be supplemented by an investment grant of USD 1 million from the Global Environment Facility under the Financing Advanced Environmental Technologies in the Mediterranean Sea Region for Water Systems and Clean Coasts Programme for the upgrade of four existing WWTPs. The Bank's loan benefits from first-loss risk cover from the European Fund for Sustainable Development.

The Project's objectives are to reduce climate impacts, guarantee water security and promote circular economy as an effective framework for sustainable water management. The Project will address regional disparities in human capital development by increasing access to water and wastewater services to households living in the Region.

The transaction will also support the Region through Technical Cooperation to develop an Operational Performance Improvement Plan (OPIP). The OPIP will cover the development of (i) a sustainable Operation & Maintenance governance framework for rural water supply that will professionalise rural service delivery and improve service quality as well as (ii) a practical management and governance model for the use of recycled water that will ensure investment sustainability.

The Borrower is the Region of Guelmim-Oued Noun, one of the twelve Moroccan regions established by the territorial division of 2015. Main drivers of its economy are fishing and tourism. Guelmim-Oued Noun is expected to experience an economic boom in the medium-term leveraging on its significant renewable energy potential, both solar and wind.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - Guelmim-Oued Noun Region:

M. Omar Abeladim
Email: abeladim.omar@gmail.com
Phone: +212 52 87 70 113
Address: Conseil Regional de Guelmim Oued Noun, Avenue Mohamed VI, Guelmim, Morocco

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

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 at: 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

How it works

How it works