‎Morocco Fights Unhealthy Housing by $2.52b

Published December 1st, 2001 - 02:00 GMT
Al Bawaba
Al Bawaba

Morocco allocated a sum of 28.86 billion Dirhams ($ 2.52 billion) to fight the “unhealthy housing” phenomena in the country through a special program run by the government, officials said. 

Moroccan housing secretary of state, Mohamed M'barki was quoted by Morocco’s official news agency (MAP) as saying that “half of the amount will be financed by beneficiaries and the other half by public subsidies.” 

The figures disclosed by M'barki show that 780,000 households live in unhealthy houses, including 262,000 families in shanty-towns and 518,000 in illegally-constructed houses. 

Morocco works in a positive way to eliminate problems of the housing in the country. 

Earlier, during the first quarter of the year, Morocco received about 125 Million Dirhams ($11.36 million dollars) from the Saudi Development Fund, destined to co-finance low-cost housing projects. 

The loan, at a preferential interest rate of 3 percent, will be repaid over 20 years. 

The amount will cover 73% of the cost of basic infrastructure of two housing projects in Selouane in the north-eastern city of Nador and in Ain Aouda in the region of Rabat. 

The Selouane project, extending over 220 hectares, provides for the construction of some 10,000 houses, while some 3000 plots of lands will be promoted part of the Ain Aouda project covering 86 hectares – Albawaba.com

© 2001 Al Bawaba (www.albawaba.com)

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