Meeting of the Board of Directors of the Road Financing Fund.

This article was automatically translated from HIBAPRESS, the Arabic version:

HIBAPRESS-RABAT-MEE

The Board of Directors of the Road Finance Fund held its second meeting of the year 2024, under the chairmanship of Mr. Nizar Baraka, Minister of Equipment and Water, on Wednesday December 18, 2024 at the headquarters of the Ministry of Equipment and Water. This meeting was devoted to the evaluation of the achievements and the execution of the Fund’s budget for the year 2024, as well as the examination and approval of the action plan and the budget for the year 2024. year 2025, in accordance with good governance practices adopted by the Caisse pour le Financement Routier.

During this session, the Board of Directors reviewed the Fund’s achievements for the year 2024, in particular the continued financing and implementation of several road projects across the different regions of the Kingdom. Among these achievements, we include the delivery of approximately 346 km of roads and 8 engineering structures, as well as the completion of work on the final sections of the Tiznit-Dakhla Expressway project. The year 2024 was also marked by the launch of work on the large viaduct on the bypass of the city of Laâyoune and other projects in various regions of the country, totaling 181 km of roads and 8 structures.

As part of the continued efforts aimed at the maintenance, adaptation and development of the road network, the Council approved the three-year action plan for the period 2025-2027, with an investment envelope exceeding 3.25 billion dirhams for new road projects. The Fund’s budget for the year 2025, set at 1.3 billion dirhams, was also validated.

During this meeting, the Council took note of the new partnership agreement relating to the upgrade of the road service axes of the large Casablanca stadium in the Provinces of Benslimane and Mohammedia. This agreement, financed in part through the Road Financing Fund, provides for the strengthening, doubling or tripling of several roads, for a budget of 1.120 billion dirhams, including the shift in network constraints.

The work of the Council concluded with the reading of a message of loyalty and fidelity addressed to HIS MAJESTY KING MOHAMMED VI MAY GOD HELP HIM.