Morocco gears for US$1.08 bn port modernization projects

Posted on 20th April 2015

Morocco will invest a total of €1 billion (US$ 1.08 billion) in port modernisation, € 350 of which will be spent on new installations at Casablanca, a report said.

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A three-million TEU capacity box terminal will also be built at Nador, located close to the Spanish enclave of Melilla, with the remaining € 750 million, according to Ports Strategy.

Other new facilities will enable handling of 25 million tonnes of petroleum, seven million tonnes of coal and three million tons of general cargo, the report said.

New infrastructure will be built by the state-owned Nador West Med. For 2015, €3.2 billion of public money will be spent on this project, with the rest to follow by 2030, according to the report.

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