MA North-East Economic Development Project (WB-P167894)

Countries
  • Morocco
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
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
Mar 31, 2020
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
Government of the Kingdom of Morocco
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)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jul 26, 2019

Disclosed by Bank Jun 12, 2019


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Project Description

According to bank documents, the proposed project objective is to increase economic activity and enhance access to economic opportunities in the Project area. 

The Project will help create jobs in the Project Area by supporting interventions that will maximize the impact and spillovers of the NWM complex and foster social economic activities in the Project Area. It will also help align, coordinate and synchronize the needed soft and hard investments to maximize the impact of the NWM complex on the
economic activity in different provinces in the Project area. The Project will focus on three areas of intervention:

  1. Component 1: Supporting the development of competitive industrial activities leveraging Nador West Med in the Project Area;
  2. Component 2: Supporting the development of social economic activities leveraging existing potential in the Project Area;
  3. Component 3: Improving physical connectivity between NWM and economic poles, to support component 1 and component 2.
Investment Description
  • World Bank (WB)
Contact Information

World Bank:
Diep Nguyen-Van Houtte, Mariem Malouche, Nabil Samir
Lead Transport Specialist

Borrower:
Kingdom of Morocco
Abdelkrim El Amrani
Director of International Cooperation, Ministry of General A
elamrani@mag.gov.ma

Laila Hammouchi
Governor, DPE, Ministry of Interior
lhammouchi@interieur.gov.ma

Implementing Agency:
Ministry of Equipment, Transport, Logistics and Water
Ahmed Imzel
Director of Roads
imzel@mtpnet.gov.ma

Nador West Med SA
Jamal Benjelloun
CEO
j.benjelloun@nadorwestmed.ma 

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.