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Home > Economy > Marsa Maroc Secures €65 Million to Modernize Key Port Terminals

Marsa Maroc Secures €65 Million to Modernize Key Port Terminals

Marsa Maroc has secured a €65 million (MAD 690 million) financing agreement with the European Bank for Reconstruction and Development (EBRD), marking a significant step forward in boosting Morocco's port infrastructure.

Firdaous NaimbyFirdaous Naim
Dec, 13, 2024
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Marsa Maroc Secures €65 Million to Modernize Key Port Terminals

Marsa Maroc Secures €65 Million to Modernize Key Port Terminals

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Rabat – Marsa Maroc has secured a €65 million (MAD 690 million) financing agreement with the European Bank for Reconstruction and Development (EBRD), marking a significant step forward in boosting Morocco’s port infrastructure.

The agreement, signed by EBRD President Odile Renaud-Basso and Marsa Maroc Director General Tarik El Aroussi, reflects the company’s commitment to modernizing Morocco’s logistics sector. 

The €65 million funding will be used to upgrade infrastructure and expand capacity at the Casablanca and Jorf Lasfar multipurpose terminals. 

This includes the acquisition of advanced electric rail-mounted gantry cranes and hybrid cranes, designed to boost cargo handling efficiency and minimize environmental impact. 

These projects, which focus on upgrading equipment and optimizing terminal operations, are expected to drive sustainable growth in Morocco’s maritime trade.  

Marsa Maroc aims to reduce greenhouse gas emissions by implementing energy-efficient systems and addressing climate challenges, particularly by designing resilient quay structures at the Jorf Lasfar terminal to withstand rising sea levels. 

“This partnership with the EBRD reflects our vision to develop sustainable, high-performance port facilities that meet global standards,” said El Aroussi. 

“The investment will help us expand capacity, improve service offerings, and strengthen the competitiveness of Moroccan trade,” he added. 

The initiative aligns with Marsa Maroc’s broader strategy to position Moroccan ports as key regional logistics hubs, focusing on sustainability and operational excellence to meet both economic and environmental goals. 

In a further boost to Morocco’s maritime trade, Morocco and Atlas Marine have signed a protocol to establish a new commercial maritime route between Agadir and Dakar. 

The agreement aims to improve goods and truck transport efficiency, reduce costs, and address logistical challenges between Morocco and West Africa. This initiative is expected to enhance commercial exchanges and create new investment opportunities for both regions.

Read Also: Marsa Maroc’s Sales Surge 17% in First Half of 2024

Tags: Marsa MarocMoroccoport
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