ADB loan to Moroccan air transport infrastructure
A $69.5 million loan has been approved by the board of directors of the African Development Bank (ADB) to finance a range of improvements in Morocco’s air transport infrastructure.
According to the ADB, the money will be used to expand the capacity of the Mohammed V airport in Casablanca, and to enhance navigational security within Moroccan air space, so that air traffic standards comply with International Civil Aviation Organization (ICAO) standards.
The project at the Mohammed V Airport, involves the improvement of the facility’s main runway and the construction of a second identical runway. This will enable the airport to increase its annual capacity to eight million passengers by 2005.
The total cost of the various projects is estimated to be $123.6 million. — (Albawaba-MEBG)
© 2001 Mena Report (www.menareport.com)
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