PROJET DE CONSTRUCTION DU COMPLEXE PORTUAIRE NADOR WEST MED - SUPPLEMENTAIRE (AFDB-P-MA-DD0-008)

Countries
  • Morocco
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
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
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."
Voting Date
May 20, 2022
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
SOCIETE NADOR WEST MED
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 63.57 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.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Jun 21, 2022

Disclosed by Bank Jun 21, 2022


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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.

According to bank provided information. the supplementary financing for the Nador West Med (NWM) Port Complex Construction Project, which is currently underway, is intended to complement the original Bank-financed project approved in 2015. This operation is part of the drive to develop the transport and logistics sector in Morocco, which, in the maritime and port sector, involves the construction and operation of an industrial port platform in Nador within the framework of the Oriental Region development programme. This project consists of three components: (i) construction of port infrastructure; (ii) attendant social and support measures for women and young people; and (iii) project management. The updated total project cost is MAD 9.4 billion or EUR 893.33 million. During project implementation, geotechnical and geological contingencies generated additional costs. These additional works were covered in Addendum No. 1, which should be financed by SNWM. However, due to the impact of the COVID-19 health crisis, the Societe Nador West Med (SNWM), like most public companies, is experiencing cash flow difficulties. This supplementary financing will help to bridge the gap in the original financing of the project, which was borne by Nador West Med Company, without modifying the planned activities, thus guaranteeing the proper implementation of the Nador West Med Port Complex Construction Project.

The objectives of the original project remain unchanged, namely: (A) At the sector level, the project aims to improve logistical competitiveness, port capacity and living conditions in the project impact area; (B) The project's specific objectives are to (i) help eliminate regional disparities, particularly by accelerating and strengthening the economic and social development of the Oriental Region through enhancement of its attractiveness and creation of wealth and jobs; (ii) strengthen Morocco's port services in the Western Mediterranean region and take advantage of its geostrategic position on the Strait of Gibraltar to attract a share of the global shipping business; and (iii) secure the supply of energy products to Morocco by establishing a second hub, particularly by expanding the intake and storage capacity in the project area.

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.

WADE Mohamed El Abass
m.a.wade@afdb.org 

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.afdb.org/en/disclosure-and-access-to-information/request-for-documents. Under the AfDBÕs Disclosure and Access to Information policy, if you feel the Bank has omitted to publish information or your request for information is unreasonably denied, you can file an appeal at https://www.afdb.org/en/disclosure-and-access-to-information/appeals-process 

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at: https://www.afdb.org/en/independent-review-mechanism/ 

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