Rabat - Rabat’s Council of Municipalities Group, Al-Assima, will take out a MAD 180 million loan from the Municipal Equipment Fund (MEF) to finance a seven-kilometer bidirectional extension of the Rabat–Salé tramline.
Rabat – Rabat’s Council of Municipalities Group, Al-Assima, will take out a MAD 180 million loan from the Municipal Equipment Fund (MEF) to finance a seven-kilometer bidirectional extension of the Rabat–Salé tramline.
During a meeting held Monday, Al Assima asked MEF for the loan to help the project, which is valued at MAD 1.715 billion.
51% of the project will be funded by contracted parties, with the Al-Assima group providing MAD 180 million, the Bouregreg Valley Administration providing MAD 100 million, and the Fund for Urban and Interurban Road Transport Reform providing MAD 592 million. “The remaining budget will be supplied by appropriations,” according to Al-Assima.
The extension is designed to connect neighborhoods with high population concentrations to industrial areas in the city and its surrounding areas.
In Salé, the line will be extended for 4.6 km, from Hassan II station to Zarbia avenue, reaching the under construction of the provincial hospital in Al-Hssaine district.
In Rabat, the line will be extended for 2.4 km, starting from Moulay Youssef Hospital in Akkari area and ending at Al Kifah Avenue in the Yaâcoub Al Mansour district.
Al-Assima issued a communiqué in January saying that the Council has also approved a technical assistance agreement between the consortium and the Rabat-Salé Tramway Company (STRS) in order to follow up on the transport projects in accordance with the partnership agreement set between Al-Assima and the Ministry of Interior.