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Marubeni Corporation Signs Yen Loan Agreement for Morocco: Contributing to Efficient Use of Water Resources and Increased and Stabilized Agricultural Production through the Development of Irrigation Infrastructure | News & PR

Japan International Cooperation Agency (JICA) signed a Loan Agreement (L/A) with the Government of the Kingdom of Morocco on November 20 in Rabat, the capital of the Kingdom of Morocco, for the “Agricultural Water Improvement Project in the Southeastern Gharb Plain Area”. The Loan Agreement (L/A) was signed by Mr. Fawzi Lukjaa, Minister of Economy, Finance and Budget of the Kingdom of Morocco, and Mr. Kei Toyama of JICA Middle East and Europe Department.

Signing Ceremony

A summary of the business is as follows

Project Summary

Garb Plain Southeast Area Agricultural Water Improvement Project

The Project for Agricultural Water Development in the Southeast Area of Gharb Plain

Country (Region)

Kingdom of Morocco (Sidi Qassem and Sidi Slimane Provinces)

Business Objectives

This project aims to improve the efficiency of water resource use and increase and stabilize agricultural production by constructing agricultural trunk canals, pumping stations, and other facilities and procuring equipment for ancillary facilities in the Garb area, thereby contributing to the promotion of agricultural development adapted to climate change in the country.

Business

Construction of primary trunk canals, water intake facilities, secondary trunk canals, pumping stations and reservoirs, procurement of equipment, etc.

Consulting Services

Loan amount (maximum)

64,577 million yen

Interest Rates

Body: 2.2% Consulting and services: 0.4

Redemption period

30 years (including 10 years of deferment)

Procurement Conditions

General untied

Implementing Agency

Garb Regional Agricultural Development Corporation

Contribution to the achievement of the SDGs

Goal 2 (zero hunger)

Goal 13 (take concrete action on climate change)

Schedule for future project implementation (tentative)

Project completion date: December 2032 (project completion at the time of service commencement)

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© Source JICA

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