Morocco’s Highway Operator Seeks Government Bailout Amid COVID-19 Financial Strain

"What is structurally important for ADM is not the loss of turnover, but above all the commitment to honor the debt service which weighs heavily on the annual cash flow. Knowing that the debt service is the largest cash outflow (3.6 billion DH for 2020 and 3.1 billion DH for 2021). ADM remains structurally weakened by the latter," said Anouar Benazouz, the company’s CEO, in an interview with Médias 24.

According to him, ADM is taking several actions for the restructuring of the debt. But "given the impact of the crisis, ADM needs the crucial support of the State to honor its commitments on the debt service," he says, adding that he is working with the State to reduce the impact of the health crisis on indebtedness. "Everything will therefore depend on the recovery of traffic on the network, which will surely take several months before returning to normal and of course the real resumption of economic activity," he points out.