The World Bank is expected to soon approve a $350 million results-based loan (Program-for-Results ā PforR) for urban mobility in Morocco, according to a document published on the Bank's website. The loan is part of the new Country Partnership Framework (CPF) for Morocco for the period 2024-2028, which was discussed by the Board of Executive Directors on June 27, 2024.
The project, titled 'Morocco Urban Mobility Program-for-Results,' aims to improve urban mobility in several Moroccan cities by enhancing public transport, promoting non-motorized transport, and strengthening institutional capacity. The loan amount is $350 million, as stated in the project information document (PID) dated July 10, 2024.
The program is aligned with Morocco's National Strategy for Sustainable Urban Mobility and the government's efforts to reduce greenhouse gas emissions and improve the quality of life in urban areas. The World Bank's support will focus on results such as increased ridership on public transport, reduced travel times, and improved safety for pedestrians and cyclists.
The approval is expected to take place in the coming weeks, following the final review by the Bank's management. The loan is part of a broader engagement with Morocco, which includes other projects in areas such as education, health, and social protection.
