Infrastructure loan is the latest in a series of economic assistance deals between the countries
The Tokyo-based Japan International Cooperation Agency (JICA) has made two loans totalling $261m to the government of Morocco to fund infrastructure and water projects in the country.
The first loan of $93m will be used to complete construction on a 120-kilometre highway that links the northern cities of Jebha and Tetouan. It was signed on 18 March.
The second loan of $171m will finance the construction of a wastewater treatment station and the reinforcement of Morocco’s aging drinking water network. It was also signed on 18 March.
The loan comes as the latest in a series of initiatives aimed at economic cooperation between Morocco and Japan.
Through its Official Development Assistance (ODA) programmes, Japan has contributed $2.4bn in loans, $353m in grants and $331m in technological assistance to Morocco’s development.
The years 2005 and 2006 marked the highpoint of Japanese-Moroccan economic cooperation. Assistance projects in those years included:
- Urban sewer construction (loan)
- Global electrification in Rural Area III (loan)
- Settat-Marrakech expressway (loan)
- Non-project grant aid (grant)
- Cultural grant aid (grant)
- Watershed management (loan)
- Urban living environment improvement (loan)
- Sewerage system development (loan)
- Rural maternal health services (grant)
- 11 human security projects (grant)
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