42982
REGION FES MEKNES
Jun 26, 2020
Morocco
Africa
Aug 7, 2020
B - Limited
Active
Sep 30, 2022
Regional Industry - INF Africa
Infrastructure
Approved : Jul 31, 2020
Signed : Dec 17, 2020
Invested : Jun 21, 2022
Municipal Finance - Transport and Roads [Project only]
The Project consists of USD 35 million loan to support the priority investment program of the Region of Fes Meknes, one of Morocco’s twelve administrative regions. Proceeds of the loan will be used to fund two components: the first component related to financing COVID-19 expenditures including purchases of disinfection and sterilization equipment and the second component consists of financing regional rural roads targeting underprivileged populations in remote areas.
IFC will support the Region through advisory services under the MENA’s Cities Platform. In particular, IFC will (i) help the Region to implement the rural roads component in compliance with international environmental and social standard and (ii) develop a road maintenance strategy to ensure that existing and newly constructed rural road assets are sustainably managed, while long-term road maintenance and rehabilitation cost are reduced.
For Inquiries About the Project, Contact
For Inquiries and Comments About IFC, Contact
Local Access of Project Documentation
Contact Person: Mme Oumama Fassi-Fehri
Company Name: La Région Fès-Meknès
Email: fassifehri13@yahoo.fr