Saiss III water conservation project

signed

Provision of a sovereign loan of up to EUR 150 million to the Kingdom of Morocco to finance the construction of the continuity of main pipeline as well as the water distribution network aimed at irrigating 20,000 hectares in the Saiss plain (the "Saiss III" or the "Project"). The Project is the third and final phase of a staged programme to preserve the Saiss aquifer and promote sustainable water management within the Saiss plain which envisages an annual transfer of 90-120 million m3 surface water from the MDez dam to the plain for irrigation purposes. As part of this programme, the Bank previously extended in 2017 a sovereign loan of EUR 120 million to finance a 45 km of the main transfer pipeline (The ''Saiss I''), OPID 48414. In 2020, the Bank extended a second sovereign loan of EUR 150 million, to finance the main distribution pipeline and network for irrigation of 10,000ha (The ''Saiss II''), OPID 51223.