The Moroccan government has decided to transfer over MD6 billion to promote Morocco's eastern region. Maghreb Arabe Presse reports that the money was allocated on the basis of two conventions signed on Rabat recently.
The first convention, with an amount of MD 6 billion, is directed to finance the Fez-Oujda highway, a 320 km project that is scheduled to be completed on 2010. Except from the government, this highway is also funded by the Hassan II Fund for Social and Economic Development and the Moroccan highway company, “The National Company for Highways in Morocco”. The second project, with an amount of MD 300 million, is directed to an investment fund for the region’s promotion.
