Casablanca – In a significant effort to enhance Morocco’s port infrastructure, the European Bank for Reconstruction and Development (EBRD) has secured a $71 million financing agreement with Marsa Maroc, the nation’s leading port operator. The funds will be used to improve the operations and expand the capacity of Morocco’s key ports, particularly Casablanca and Jorf Lasfar, which are vital to global trade.
The financing agreement was signed by Odile Renaud-Basso, President of the EBRD, and Tarik El Aroussi, CEO of Marsa Maroc. This collaboration represents a significant step in the modernization of Morocco’s maritime industry, aligning with the nation’s broader economic and environmental goals.
The investment will primarily be used for the expansion and optimization of the multipurpose terminals at both the Casablanca and Jorf Lasfar ports. Key elements of the project include upgrading terminal infrastructure, increasing handling capacity, and introducing cutting-edge electric rail-mounted gantry cranes and hybrid cranes. These high-tech machines will not only improve operational efficiency but will also help minimize the environmental impact of port operations, supporting Morocco’s commitment to sustainability.
According to the agreement, Marsa Maroc will focus on integrating energy-efficient systems and reducing greenhouse gas emissions per unit of cargo handled. Furthermore, the civil works at Jorf Lasfar will incorporate climate resilience measures to counter the challenges posed by rising sea levels, an initiative aimed at ensuring the long-term sustainability of Morocco’s port infrastructure.
“This partnership with the EBRD underscores our commitment to building sustainable, high-performance port facilities that meet global standards,” said Tarik El Aroussi. “This investment will enable us to expand capacity, improve service offerings, and enhance the competitiveness of Moroccan trade on the global stage.”
The EBRD’s support is not limited to infrastructure upgrades. The agreement also includes funding for a digital transformation initiative, which will help modernize port operations. Marsa Maroc plans to implement advanced digital solutions, enhancing overall operational efficiency and streamlining logistics. In addition, the agreement includes a gender-responsive digital upskilling program for employees, promoting inclusivity and equipping workers with the skills needed to adapt to evolving technologies.
The financing deal is part of a broader effort to position Moroccan ports as key logistics hubs in the region, strengthening Morocco’s maritime trade network and its international competitiveness.
In addition to this agreement, the EBRD and the European Union (EU) have jointly provided support for this project, with the EU contributing a guarantee through its European Fund for Sustainable Development Plus (EFSD+). This partnership is a testament to the strong collaboration between Morocco, the EBRD, and the EU in advancing sustainable infrastructure development.
The announcement of this financing comes at a time when Morocco is looking to expand its maritime trade connections further. Recently, Marsa Maroc entered into a partnership with Atlas Marine to launch a new commercial maritime route between Agadir and Dakar, aimed at enhancing trade between Morocco and West Africa.
With this latest financing, Morocco’s maritime sector is set for a new era of growth, combining cutting-edge technology, sustainability, and efficiency to meet the challenges of a rapidly evolving global economy.
