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Morocco’s National Ports Agency Plans MAD 6 Billion Of Investments

Morocco’s national ports agency plans MAD 6 billion of investments

Morocco’s National Ports Agency Plans MAD 6 Billion Of Investments

 

Casablanca, Morocco (PortSEurope) January 2, 2018 – The country’s Agence National des Ports (ANP – National Ports Agency) plans to initiate more than MAD 6 billion dirhams of investments over the next five years, as part of its policy to develop the national port network to be globally competitive.

The last board meeting of directors of ANP validated investments of more than MAD 6 billion for the five-year period 2018-2022, of which MAD 2.7 billion will be for just 2018. ANP will work on maintaining and consolidating the various indicators of the agency as well as the good orientation of volumes traded via national ports with an increase of 6.7% and a volume of 87.7 million tonnes cargo planned. For the ANP, 2018 will be the year of the consolidation of all the activity indicators of the agency.

The ports managed by the agency are expected to see a 6.7% improvement in handled volumes by 87.7 million tonnes. Several factors will contribute to this growth, the main ones being the foreseeable rise in foreign sales of phosphates and derivatives, the increase in imports of coal and coke and the assumption of an average agricultural year with a cereal production of 70 million quintals which will imply a resumption of grain imports.

On the financial side, projected revenue for 2018 will reach MAD 1.8 billion dirhams, an increase of 6.7% compared to the forecast for 2017. Concerning the development projects planned by the Agency in 2018, the ANP will begin work on the extension of the pier Moulay Youssef in the port of Casablanca, the dredging and removal of the “cercle d’évitage” and access channel to the port of Agadir.

ANP will also proceed with the construction of the hopper connection of the maritime component to the Zenata road and the works on the sea, as well as the work on the viability of the platform linked to the new shipyard at the port of Casablanca and maintenance work on the main pier of Safi port.

Furthermore, in 2018, ANP will continue to implement the major infrastructure projects already launched, particularly the new shipyard of the Port of Casablanca, the fishing port of Casablanca, and the construction of a community building at the port of Casablanca, the extension of the port of Essaouira and the creation of a multipurpose terminal at the port of Agadir.

The Agency also intends to reinforce its regulatory role through structuring projects related to the improvement of the port transit process. The Agency’s regulatory policy sets itself as its main objective to create and maintain conditions conducive to the improvement of the competitiveness of national port cities.

Source: LesEco

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