Provision of a non-sovereign loan of up to EUR 40 million to the Agence Nationale des Ports ("ANP") to finance the rehabilitation, the upgrade and the strengthening of the infrastructures' resilience in the Moroccan ports of Agadir, Kenitra, Casablanca, Sidi Ifni, Tan-Tan and Larache (the "Project"). The Bank's loan would be accompanied by the mobilisation of grant funding of USD 6.2 million from the Global Environment Facility.
The Project's objectives are to support ANP in financing some components of its investment programme, with the aim to preserve the ports infrastructure assets, improve the infrastructure resilience, and integrate and mainstream climate change adaptation measures into ANP's infrastructure investments. This will lead to a systemic impact on how ANP incorporates climate change adaptation into its investments.
ETI score: null
The expected transition impact of the Project will derive from its contribution to the Green quality. Indeed, the project will finance works to improve climate change resilience in Moroccan ports, which are exposed to extreme weather events such as storms and extreme waves and winds with increased frequency and severity.
Under the Green quality, EBRD also targets the introduction of best international climate resilience measures and climate risk management strategy by ANP. With the support of a Technical Cooperation (TC) Programme, ANP will update technical guidance standards on climate resilience in ports and will host workshops with other market players in the sector (including private port operators) on the application in Morocco of best international practices on climate resilience in ports.
NATIONAL PORT AGENCY
ANP is the regulatory agency of the Moroccan port sector. ANP was established in Dec. 2006 and is responsible for:
- Regulating the Moroccan port landscape, activities and operators by ensuring transparency of market practices as well as preserving and promoting competitiveness in the port sector
- Preserving, maintaining, developing and modernizing the port infrastructure assets, facilitating ships and goods transit in the best conditions, cost and time
- Optimising the use of port assets by simplifying procedures and improving port organisation and operations
- Ensuring safety, security and respect for the environment in the ports, ensuring the implementation of the regulations governing the port area (port police, port regulation, international norms and standards for security, etc.)
- Protecting the environment regarding the monitoring of the environmental impacts from investments of the ANP and the port community activities.
EBRD Finance Summary
A non-sovereign loan of up to EUR 40,000,000 to be confirmed following mutual agreement
Total Project Cost
EBRD's loan and GEF's capex grant are expected to finance the project components below
- Kenitra, refurbishment of port quays
- Agadir, strengthening of the main jet of the commercial port
- Agadir, refurbishing the fishing port's quays
- Agadir, Construction of a 3rd access to the port
- Larache, maintenance and refurbishing the fishing port's quays
- Casablanca, strengthening protective dikes
- Sidi Ifni, strengthening the platforms and medians of dock 5
- Sidi Ifni, set up of floating wharves in fishing port
- Tan-tan, strengthening and rehabilitation of berths
EBRD's involvement is considered additional in terms of risk mitigation, as it will help the client mitigate physical transition risks and take climate action, by identifying and managing physical climate risks and improving its internal corporate governance for managing climate risks. EBRD also offers an innovative financing structure, a loan to a Moroccan state owned entity without a sovereign guarantee.
Client seeks EBRD expertise on higher environmental standards, above 'business as usual' and client makes use of EBRD expertise on best international procurement standards.
EBRD's involvement is designed to trigger a change in the sector framework, to enhance practices at the sector level.
Environmental and Social Summary
Categorised B under the 2014 ESP. Key E&S impacts/risks associated with the rehabilitation of protection infrastructures in some Moroccan ports include occupational health and safety and labour conditions during construction, management of dredging materials and impact on marine water (e.g. turbidity). Environmental and Social (E&S) due diligence is ongoing and is undertaken in-house. It includes a site visit to one port, a review of ANP corporate environmental, social and H&S management systems in place and capacity to undertake the projects in line with EBRD PRs, and a desktop review of the investment plan.
Technical Cooperation and Grant Financing
TC support for this operation includes assistance with Project implementation through provision of assistance in implementation of a programme of capacity building relating to instututional aspects of climate change adaptation, support in implementation of IFRS and funding of a procurement specialist to assist in project implementation.
The TC programme is subject to further amendments by mutual agreement between ANP and EBRD.
Company Contact Information
M. Abdellatif LHOUAOUI
00 212 5 20 20 07 32
PSD last updated
20 Apr 2020
Further information regarding the EBRD’s approach to measuring transition impact is available here.
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Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
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