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The World Bank approved, Wednesday, US$150 million in additional financing for Morocco’s Urban Transport Program, international financial institution said in a press release. Said program, which started in 2015, is meant to «strengthen the country's capacity to offer quality service in public transport».
The new financing is granted to Morocco to adapt the program to the new priorities of mobility amid the coronavirus health crisis.
«The COVID pandemic has highlighted that investing in safe, affordable and efficient public transport is more important today than ever to foster economic and social inclusion and to help mitigate climate change», said Jesko Hentschel, World Bank Maghreb Country Director.
«The investments supported by the Program have already benefitted 40,000 daily users of urban transports in terms of improved level of service. By program completion, the objective is to increase the total number of beneficiaries to 130,000 urban inhabitants per day», the World Bank explained.
«The program aims to instill a new dynamic by mainstreaming standards of efficiency across urban transport institutions to increase the sector's performance — this will include targeted investment. The anticipated results will be to strengthen national and local capacity to plan, implement, and monitor urban transport, and to improve its level of service», said Nabil Samir, Transport Special and Task Team Leader.
The program funded by the World Bank is led by the Ministry of Interior and by municipalities. The closing date of the project was extended to June 2024.
