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LOANS & CREDITS

Morocco: Second Rural Roads Project [Additional Financing]

April 28, 2010




IBRD Loan: €60 million
Terms: Maturity =  21 years; Grace = 11 years
Project ID: P110833

Project Description: The Second Rural Roads Project for Morocco is an operation supporting implementation of the Government's second National Rural Roads Program (NRRP-2). The additional financing will permit completion of activities of the project, which are currently unfinished due to unanticipated increases in the costs of key inputs (oil, bitumen, construction materials, consumables, labor, etc.), and will support a financing gap due to shortfalls in non-World Bank donor finance.


Media Contacts
Hafed Al-Ghwell
Tel : (202) 473-8930
halghwell@worldbank.org

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