Nador West Med - industrial and logistics zones

signed

Provision of a loan of up to EUR 110 million to Nador West Med Betoya Industriel & Logistic Zone ("NWM BILZ" or the "Client"), a wholly owned subsidiary of Nador West Med S.A ("NWM"). The loan proceeds will be used to finance the development of a greenfield economic zone with Nador West Med complex, located near the city of Nador in the Oriental Region. Investments include: land development works for the industrial and logistics platforms, construction of a wastewater treatment plant, construction of a desalination plant, energy-efficient street lighting installation and installation of an electrical pole (the "Project"). The Bank's loan will be supplemented by an investment grant of EUR 5 million from EBRD Shareholder Special Fund ("SSF"), an investment grant of USD 3 million from the United Kingdom under the High Impact Partnership on Climate Action multi-donor fund ("HIPCA") and USD 2.5 million from the Global Environment Facility ("GEF") under the Financing Advanced Environmental Technologies in the Mediterranean Sea Region for Water Systems and Clean Coasts ("ENVITECC") Programme. The Project is a follow-on to the Bank's existing project with the Client's parent company NWM. In 2015, the Bank approved a sovereign-guaranteed loan of EUR 200 million to NWM to finance the construction works of the port infrastructure). In 2022, the Bank approved an additional financing of EUR 100 million to NWM to close a financing gap (Nador West Med Port (ebrd.com))