Moroccan Banks Secure €133 Million Financing for Tanger Med 2 Port Expansion

The consortium of Moroccan banks is composed of the Banque Centrale Populaire Group as the mandated arranger, the Attijariwafa bank Group as co-arranger, as well as the Bank Of Africa Group and CIH Bank.

Amounting to 133 million euros, this 16-year credit is intended to finance part of the costs of realizing Container Terminal 3 of the Tanger Med 2 Port (TC3) whose total investment amount is close to 175 MEUR. The signing of the credit contract is part of the execution of the TC3 project financing plan, the commercial commissioning of which began on January 1, 2021.