The European Investment Bank (EIB) and the Office National de l’électricité et de l’eau potable (ONEE) have signed a €75 million finance contract to increase the capacity of the water production and distribution and sanitation networks in Morocco.
For a number of years Morocco has been faced with a rapidly growing population and burgeoning economic activity, which has led to increased demand for water throughout the country.
Focused on enhancing the performance and reliability of the network, the financing operation will support a number of small-scale schemes. The aim is to improve, renovate and optimise water production, distribution and sanitation infrastructure throughout Morocco, the key to which is to significantly reduce water losses.
As the main provider of funds to Morocco, the EIB has invested nearly €6.7 billion in total to support projects in the Moroccan economy's key sectors, such as energy, transport, water and sanitation, health and education, social housing, industry, SMEs and even innovation.
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