The Moroccan government and the African Development Bank have signed a financing agreement worth €270 million, approximately MAD 2.9 billion, to support the expansion and modernization of airport infrastructure in Morocco. The agreement was signed in Casablanca by Adil Faqir, General Manager of the National Airports Office, and Achraf Trrsim, representative of the African Development Bank in Morocco.
The program aims to modernize and expand several major airports in Morocco, including Marrakech, Agadir, Fez, and Tangier. The upgrades will focus on improving infrastructure, expanding air navigation systems, enhancing security and safety systems, and implementing modern baggage handling systems and digital solutions to facilitate passenger movement.
The project is expected to increase the capacity of Marrakech airport to 14 million passengers by 2030, with Agadir airport expected to handle 5 million passengers, Tangier airport 3.6 million, and Fez airport 3 million. This upgrade is crucial in preparation for the anticipated growth in passenger and cargo traffic.
The financing agreement was signed in the presence of Moroccan Minister of Economy and Finance Nadia Fettah and African Development Bank President Dr. Sidi Ould Tah. The program is expected to support the competitiveness of air transport and strengthen Morocco's position as a regional air hub connecting Africa to Europe and the rest of the world.
The program is also expected to create thousands of jobs and support sectors such as tourism, trade, and logistics, while stimulating investments related to air transport. The upgrade will enhance the overall air travel experience for passengers and improve the efficiency of airport operations.
The African Development Bank's support for Morocco's airport infrastructure upgrade demonstrates its commitment to promoting economic development and regional integration in Africa. The bank's investment in Morocco's air transport sector is expected to have a positive impact on the country's economy and contribute to its growth and development.
The agreement is a significant step towards achieving Morocco's goals of improving its airport infrastructure and enhancing its position as a major air transport hub in Africa. The upgrade will also contribute to the country's efforts to diversify its economy and promote sustainable development.
Key points
- The agreement will support the upgrade of several major airports in Morocco, including Marrakech, Agadir, Fez, and Tangier.
- The program aims to increase airport capacity and improve air transport services in Morocco.
- The upgrade is expected to create thousands of jobs and support sectors such as tourism, trade, and logistics.
