Tanger Med, model of public-private partnership success at Mediterranean, European level, vice president of EIB

Casablanca – May 30, 2011 (MAP) –

The Tanger Med port is a model of public-private partnership success at the Mediterranean and European level, vice president of the European Investment Bank (EIB), Philippe de Fontaine Vive, said on Monday in Casablanca.

Morocco achieved major developments on matters of public-private partnership (PPP), he affirmed at a press conference on the sidelines of the ninth conference of FEMIP (facility for Euro-Mediterranean investment and partnership) themed “addressing the infrastructure challenge in the Mediterranean: the potential of public-private partnerships.”

The EIB’s official reiterated the Bank’s commitment to contribute to development programs launched by the Kingdom, stressing the importance of this conference which is held at a time when over 300 billion euros is needed by 2030 to modernize infrastructure in the Mediterranean region.

He emphasized the importance that the EU and the G8 give to the Mediterranean zone which boasts tremendous potentialities.

Morocco, which has a PPP experience in several areas, supports changing conventional ways for financing development projects, Economy Minister Salaheddine Mezouar said at the joint press conference attended also by Tunisian finance minister Jelloul Ayed.