Sign in
Marsa Maroc secures financing for port development: The European Bank for Reconstruction and Development (EBRD) is extending a EUR 65 mn loan to Moroccan port operator Marsa Maroc for development works at Casablanca and Jorf Lasfar ports, according to a statement released on Friday.
(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)
What we know: The loan will finance expanding handling capacity of multipurpose terminals at the Casablanca and Jorf Lasfar ports via infrastructure work and the acquisition of hybrid cranes and electric rail cranes, the statement notes. As part of the financing agreement, there will also be technical cooperation activities to develop and implement digital solutions at the Casablanca terminal.
REMEMBER- Last we heard, Jorf Lasfar was one of four ports picked by Morocco and the World Bank back in January for a green hydrogen storage and ship refueling feasibility study. The study aimed to assess the technical and economic potential for green fuel production at Moroccan ports in a bid to help decarbonize the shipping sector, which accounts for 2.9% of global greenhouse gas emissions.
