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AFD loans Morocco ¤ 40 million to fund hydro-agricultural project

Rabat - The French Development Agency (AFD) on Monday granted Morocco a ¤ 40 million loan to fund a hydro-agricultural project in the Sbou region.

    The project provides for the construction of an irrigation network to enable the development of localized irrigation on 4,000 hectares in a bid to achieve a rational management of water resources.

    Between 2007 and 2009, the AFD contributed to financing projects totaling 8 billion dirhams in the North African country.

Last modification 12/14/2009 07:43 PM.
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