The International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group signed a financing agreement with the port of Tanger Med granting a loan of €197 million for the expansion of the Terminals for motor vehicles and passengers of the port Moroccan. The funding granted by IFC, which will be the first have sustainability indicators in Morocco and between in the port sector in emerging markets, adds to the Loan of EUR 203 million for the same project which is was granted by a group of international banks led by JP Morgan.

The project plans to increase the capacity of rolling stock traffic to over one million trucks per year compared to to the 447 thousand heavy vehicles handled in 2023.

"This project - said David Tinel, representative for the Maghreb of the IFC - will strengthen the role of the as a growing maritime and logistics hub, with a ideal location to connect the main markets in Europe, Africa and the Americas. We expect it to provide further stimulus infrastructure investments in Morocco in order to take advantage of the huge opportunities that arise while the Country prepares to co-host the 2025 Africa Cup of Nations and host the FIFA World Cup in 2030."