.- A 3, ,L/ No,/ Document of The World Bank L /V FOR OFFICIAL USE ONLY MICROGRAPHICS Report No: P- 6131 MOR Report No P-6131-40R Type: MOP MEMORANDUM AND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT TO THE EKECUTIVE DIRECTORS ON PROPOSED LOANS IN AMOUNTS EQUIVALENT TO US$128.0 MILLION TO THE KINGDOM OF MOROCCO AND US$32.0 MILLION TO THE OFFICE NATIONAL DE L'EAU POTABLE FOR A FIFTH WATER SUPPLY PROJECT OCTOBER 28, 1993 This document has a restricted distribtion and may be used by recipients only in the performance of thdir official daties. Its contents may not otherwise be disclosed without World Bank authorization. CURRENT EQUIVALENT (as of mid 1993) Currency Unit - Moroccan Dirham (DH) - 100 centimes US$1.00 - DH9.00 DE1.00 - US$0.1111 DH1,000,000 - US$111,111 PRINCIPAL ABBREVIATIONS AMD ACRONYMS USED ADB - African Development Bank CFD - Caisse Française de Développement CIRF - Centre Inter-Régies de Formation CLs - Collectivités Locales CSE - Conseil Supérieur de l'Eau et du Climat DEPP - Direction des Entreprises Publiques et Participations DGCL - Direction Générale des Collectivités Locales DRSC - Direction des Régies et Services Concédés ESPD - Epidemiology and Sanitation Program Directorate HA - Hydraulics Administration MARA - Ministère de l'Agriculture et de la Reforme Agraire MOF - Ministère des Finances MOI - Ministère de l'Intérieur MOPW - Ministry of Public Works and Vocational Training MOPH - Ministry of Public Realth NMD - National Meteorology Directorate OECF - Overseas Economic Cooperation Fund (Japan) ONEP - Office National de l'Eau Potable RAD - Régie Autonome Intercommunale de Distribution d'Eau et d'Electricité de Casablanca RADEEF - Régie Autonome Intercommunale de Distribution d'Eau et d'Electricité de Fès RADEEM - Régie Autonome Intercommunale de Distribution d'Eau et d'Electricité de Meknès RADEEMA - Régie Autonome Intercommunale de Distribution d'Eau et d'Electricité de Marrakech RAX - Régie Autonome Intercommunale de Distribution d'Eau et d'Electricité de Kenitra RAMSA - Régie Autonome Multiservices d'Agadir RED - Régie Autonome Intercommunale de Distribution d'Eau et d'Electricité de Rabat-Salé TA - Technical Assistance WSD - Water and Sanitation Directorate FOR OFFICIAL USE ONLY KINGDOM OF MOROCCO FIFTH WATER SUPPLY PROJECT Loan and Project Summary Borrowers : - Kingdom of Morocco - National Water Production Utility - ONEP with the guarantee of the Kingdom of Morocco Beneficiaries - Epidemiology and Sanitation Program Directorate - Ministry of Public Health - Hydraulics Administration - Ministry of Public Works - National Meteorology Directorate - Ministry of Public Works - Water and Sanitation Directorate- Ministry of Interior - Water Distribution Utility of Casablanca - RAD - Water Distribution Utility of F6s - RADEEF - Water Distribution Utility of Mekn&s - RADEEM - Water Distribution Utility of Marrakech - RADEEMA - Water Distribution Utility of Kenitra - RAK - Water Distribution Utility of Rabat-Sal6 - RED - National Water Production Utility - ONEP Amounts Two IBRD Loans: Kingdom of Morocco US$128.0 million ONEP US$ 32.0 million Terms Bank's Standard variable interest rate, with 20 years maturity, including five years of grace Onlendincr Terms Same Co-Lenders : Overseas Economic Cooperation Fund (OECF); African Development Bank (ADE). Amount: US$84 million equivalent Foreicn Exchange Risk : To be borne by ONEP, RAD, RADEEF, RADEEM, RADEEMA, RAK and RED Financing Plan : IBRD US$160.0 million OECF/ADB US$ 84.0 million Government US$ 6.5 million RAD US$ 25.0 million RADEEF US$ 4.6 million RADEEM US$ 1.9 million RADEEMA US$ 7.9 million RAK US$ 2.1 million RED US$ 18.0 million ONEP US$ 43.6 million TOTAL US$353.6 million This document has a restricted distribution and may be used by recipients only in the perform. ace of their official duties. Its contents may not otherwise be disclosed without World Bank authoriation. Econoic Rate of Return RAD 21% RADEFF 18% RADEEM 13% RADEEMA 17% RAK 10% RED 13% ONEP 12-21% Povertv "tecory Program of Targeted Interventions gtaff Apraisal Reort Report No. 12231-MOR MaR IBRD 25095 MEMORANDUM AND RECOMMENDATION OF THE PRZSIDENT OF THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT TO THE EXECUTIVE DIRECTORS ON PROPOSED LOANS TO THE '-NGDOM OF MOROCCO AND TO THE OFFICE NATIONAL DE L'EAU POTABLE FOR A FIFTH WATER SUPPLY PROJECT 1. I submit for your approval the following memorandum and recommendation on two proposed loans in the respective amounts of US$128.0 million and 32.0 million to the Kingdom of Morocco and ONEP (with the Government guarantee) for the equivalent of US$160.0 million to help finance a Fifth Water Supply Project. The loans would be at the Bank's standard variable interest rate, with a maturity of 20 years, including five years of grace. The whole of the prDceeds of the loan to the Kingdom of Morocco (US$128.0 million) would be onlent to RAD, RADEEF, RADEEM, RADEEMA, RAK and RED at the same above-mentioned terms. The project would be co-financed by OECF and ADB. 2. Background. In the 1980s, the Goverrment sought to rationalize the development of its scarce water resources and improve the provision of water supply services in both urban and rural areas. Although these efforts led to heightened concern over water scarcity and the strengthening of the operational efficiency of the national bulk water production agency (ONEP), the water sector is still facing institutional and financial issues. Responsibility for water resource management is scattered among several entities and the executive powers of the coordinating body, Conseil Sup6rieur de l'Eau et du Climat, are limited. The financial performance and institutional autonomy of the country's 16 municipally-owned water distribution utilities (R4gies) have been deteriorating because of lack of autonomy, accumulation of arrears from Government and local communities, stagnation of water tariffs and poor performance of the R6gies, resulting in unsatisfactory cost recovery. However, in 1993, the Government restored the R6gies' autonomy and agreed on substantial water tariff adjustments and on the settlement of all arrears. A shortfall in financial resources, together with the lack of adequate cost-recovery mechanisms, have led to the postponement of critical investments to enhance the efficiency of existing production and distribution capacity with particularly negative impact on service levels for low-income consumers. Currently about 90% of the urban population and 14% of the rural population have access to safe drinking water. The proposed project would address the sector's most pressing needs arising from the R&gies' institutional and financial deterioration and inadequate provision of water services to both the urban and rural poor. Longer-term problems related to the management of water resources and demand, including improvement of data monitoring and establishment of economic criteria for resource allocation among competing demands, will be addressed through an ongoing joint Bank- Government sector study (FY95) and a follow-up Water Resources Management Project (FY97). 3. Lessons Learned from Previous Bank Operations. The following main lessons learned from previous Bank operations were taken into account in the preparation of the proposed project: -2- a. The main constraint to access of the poor to water services being the cost of water house connections which currently has to be paid upfront, the proposed project would Irovide for 128,000 social house connections to be paid for in 60 equal monthly installments; b. Access of the rural population to potable water through community waterworks is limited because of poor maintenance of waterworks, which is essentially due to the lack of know-how and non-existence of cost recovery. The project would provide for sensitization of the rural population to assuming responsibility for operation and maintenance and provision of equipment for rehabilitation and new waterworks; u. Only financially viable utilities can provide satisfactory water services to the population. To enhance efficiency of water utilities the proposed project wou3d provide for performance contracts (protocoles d'accord) between Government and the water utilities. 4. Rationale for Bank Involvement. The proposed project fits into the Bank's current country assistance strategy for Morocco. That strategy supports Government efforts to deepen adjustment and reform, alleviate poverty, strengthen public sector and natural resource management, and encourage private sector development. Moroccan authorities recognize that efficient and cost-effective water production and distribution systems, as well as strong institutional management are critical to the country's overall development. Based on long-standing relationships in the sector, the Government has requested continued Bank assistance to achieve these objectives both at the micro level for water distribution and, at the macro level, to address intra-sectoral issues. In particular, the Government has requested Bank advice throughout the current crucial transition period during which the municipal water utilities (Rgies) are evolving into fully autonomous agencies. This institutional evolution is taking place in accordance with the recommendation of the R4gies' seminar jointly organized in 1992 by the Bank and the Ministry of Interior. The Bank's continued involvement is fully justified, given the important role that the water sector plays in promoting sustainable economic development in Morocco. 5. Prolect Objectives. The project's main objectives are to: (a) assist the Government in developing a long-term policy on institution buiL.ding and cost recovery of water services; (b) address the needs of tne poorest population groups by improving water supply services in urban and rural areas; and (c) restore the R6gies autonomy through the enforcement of the "protocoles d'accord" to be made between Government and each participating Regie (RAD, RADEEF, RADEEM, RADEEMA, RAK and RED) providing on the one hand, the settlement of arrears owed by Government and local communities, tariff adjustments in line with updated financial projections, and the gradual shifting of the Government from the current "a priori" control of the R4gies towards "a posteriori" review. On the other hand, they also provide for achievement by the six participating Rdgies of satisfactory performance ratios (technical, financial and commercial), tariff adjustment, cash generation, works implementation by private contractors through competitive bidding and - 3 - implementation of socidl house connections to make water accessible to the poor. The project will be therefore instrumental in alleviating the burden of poverty and enhancing public sector and water resource management which are among the objectives of the country assistance strategy. 6. Project Description. The project would provide institutional, operational, and financial assistance to restructure the Rdgies, strengthen ONEP, and transfer operation and maintenance of rural water supply systems to local communities. The project components include: (a) rehabilitation and expansion of urban water supply systems operated by six R4gies, and upgrading operational efficiency and management systems (US$187 million); (b) rehabilitation and expansion of 18 semi-urban water supply systems and 7 water production facilities operated by ONEP, and upgrading operational efficiency and management systems (US$128 million); (c) meteorological data gathering equipment (US$9 million); (d) a poverty alleviation component comprising provision of equipment, technical assistance, and training for sanitary education campaigns, water quality control, and disinfection of water in rural areaui, as well as credit lines for social house connections. This poverty alleriation component would provide access to safe wate:i to: (i) about 3 million rural inhabitants (US$12 million) and (ii) about 1 million people living -In the fringe areas of Casablanca, Rabat-Sal6, F&s, Marrakech, Mekn&s, Kenitra and in 18 ONEP centers through 128,000 social house connections (Us$3 million); and (e) consulting services and equipment to improve water resources management (US$15 million). 7. Project Cost and Implementation. The proposed project would be carried out by RAD, RADEEP, RADEEM, RADEEMA, RAK, RED, ONEP, ESPD, HA, NMD and WSD. The project cost is estimated at US$353.6 million equivalent excluding taxes, duties and interest during construction with a foreign exchange component of US$234.1 million equivalent (66%). The Bank would finance US$160.0 million equivalent (64% of the foreign exchange and 4% of local expenses or 45% of the total) and OECF and ADB would co-finance $84.0 million equivalent (36% of the foreign exchange or 24% of the total). Water utilities would fund $103.1 million equivalent of local expenses (or 96%), as well as taxes and duties estimated at about $56.0 million and interest during contruction estimated at $9.1 million. A breakdown of costs and the financing plan are shown in Schedule A. Amounts and methods of procurement and of disbursement, and the disbursement schedule (based on the country average disbursement profile) are shown in Schedule B. A timetable of key project processing events and the status of Bank Group operations in Morocco are given in Schedules C and D, respectively. A map is also attached. The Staff Appraisal Report, No. 12231-MOR dated October 29, 1993, is being distributed separately. 8. Project Sustainability. The proposed project has been designed to enable the water utilities to become financially viable, which means in particular full cost recovery including debt service, operation and maintenance, as well as contribution of not less than 25% of investment program. The proposed tariff adjustments in line with the long run marginal cost (LRMC) would guarantee the efficient use of resources. Sustainability would be enhanced by promoting privatization of some activities, e.g. the subcontracting of billing and collection, and upgrading operational efficiency. 9. Agreed Actions. The following stipulations agreed with Prior to negotiations have been complied with: (a) settlement of 100% of Government's arrears to the R4gies; (b) settlement of 33% of the local communities (Collectivit6s Locales - CLs) arrears; (c) delivery to the Bank of the audit reports of the 1991 accounts of RAD, RADEEF, RADBEM, RADEEMA, RAK and RED; and (d) delivery to the Bank of an acceptable schedule for submitting the audit reports of the 1991 accounts of the remaining 10 R6gies and of the 1992 and 1993 accounts of all the 16 R4gies. Furthermore, the Government and the six participating R6gies (RAD, RADEEF, RADERM, RADEEMA, RAK and RED) agreed that they would honor the commitments taken in the "protocoles d*accord", so that the R4gies can attain full sustainability. The Government, the R6gies and ONSP agreed also on a mid-term review to be jointly carried out with the Bank, to assess how the performance ratios stipulated in the "protocoles d'accord" and "contrat-programme", namely the network efficiency, working ratio and tariff adjustments are achieved. It has further been agreed that any necessary remedial measures would be identified and enforced, including project restructuring, so that all objectives are fully attained at the end of the implementation period. The current Government water sector strategy concerning, in particular, water supply service levels to the urban and rural populations and sustainability of water supply operations has been summarized in an urban and rural drinking water suoply and sewerage sector strategy letter from the Government to the Bank. The signature of "protocoles d'accord" by the Government and the participating R4gies and the execution of subsidiary loan agreements satisfactory to the Bank between the Government and RAD, RADREF, RADEEM, RADEEMA, RAK and RED are cop,4-,tions of effectiveness. 10. Environmental Aspects. An environmental analysis was carried out by ONEP from October 1992 to January 1993 to assess the effects of -dditional wastewater resulting from increased water volumes provided through the project and to identify appropriate measures. This analysis showed positive results in terms of public health and highlighted that appropriate measures are being taken to minimize the effects of additional sewage volumes through the implementation of sewerage works in the framework of the Sewerage and wastewater Treatment Project currently unaer preparation. The project is classified as Category B. Appropriate specifications to minimize environmental disturbance during construction were identified through the environmental analysis and are being included in the bidding documents. 11. Poverty Alleviation. Extending infrastructure to areas where poverty is prevalent provides an efficient method of benefitting the poor. Extending social house connections to urban areas only partially served by standpipes, and developing a nationwide water supply activity in rural areas will improve the well-being of urban and rural poor and positively affect their productivity. 12, Benefits. The project would improve the R6gies' and ONEP's operational efficiency, and provide adequate water services to the inhabitants of the six cities and 18 centers where the participating R6gies are operating and, where the total population is expected to reach 9.6 million people by the year 2000, or 60% of the total urban population. Furtheriore, through the project, unaccounted-for water would be reduced from current values of 22-44% to 20-25*, sector institutions would be less dependent on already constrained - 5 - public budget financing, and waterborne diseases and infant mortality would be significantly reduced. The project would benefit (i) the urban poor through social house connections in low-income neighborhoods (para. 6), and in particular women, who in more than 90% of cases are the ones in charge of collecting water at standpires, saving them from 1 to 3 hours per day; and (ii) the rural poor benefitting from the country-wide rural water supply component (para. 6) through the rehabilitation of existing waterworks and the creation of new water supply systems. Furthermore, the rural water supply component would provide guidance in the operation and cost recovery of all rural water supply facilities. 13. Risks. The project would not pose any specific technical risks. Execution of physical components would be straightforward. The risks mostly involve the Governmpnt's long-term commitment to the stipulations of the "protocoles d'accord" and in particular, the needed tariff adjustments. However, the recent important tariff increases, the settlement of 100% of Government's arrears and of 33% of the arrears of the CL's and the decision to settle the remaining 67% of the arrears of the CL's in the next two years (1994 and 1995) as well as the reinstatement of the R6gies' autonomy prove that the Government is committed to the R4gies' sustainability. Technical assistance and training under the project would reinforce the G"vernment's and the R6gies' commitment to the needed reforms by identifying and enforcing the implementation of procedures necessary for sound financial management and sustainable autonomy. Technical assistance in implementing, operating, and maintai .ing project works would also minimize technical risks. 14. Recommendation. I am satisfied that the proposed loans would comply with the Articles of Agreement of Bank and recommend that the Executive Directors approve them. Lewis T. Preston President Attachments Washington, D.C. October 29, 1993 KI?N9DOM OF MOROCCO Schedule A FIFTH WATER SUPPLY PROJECT BUMMARY FROJECT COST ESTIMATES ANO FINANCING PLAN COST ESTIMATES (MID 199 (US$1=DH9)> * DH Million - - Bas COMPONENT Total La~al Foreign Cot Total Local un A. Casablance Water Utility - RAD 517.9 101.7 326.2 20 67.6 21.3 36.3 f. Fe Water Utility - RADEEF 133.2 49.7 83.8 6 14.8 5.5 9.3 C. Meknus Water UtSty - RADEM 8$.5 31.2 58.3 3 9.9 3.5 6.4 0. MarakchWaterUtlIty-RADEEMA 194.6 74.8 1198 7 21,3 8.3 13.3 E Kenitra Water UtllIty- RAK 9.6 33.8 62.3 4 10.7 3.8 6.9 p. Rabat-Sa Watr lty - RED 403.3 14.7 26 15 441. 18. 28,2 0. National Wat Produton UtNty - ONEP 1.004.4 334.4 -*i.4 37 111.6 372 74.4 H. Epidemiology and Sanitation Program Dirctorate 37.0 2.1 34.0 1 41 0.2 3.9 1. HydraullosAdmInIstratlon 110.0 41.6 68.4 4 12.2 4.6 7.6 J. National Metorology Directorate 64.2 1.1 63.1 2 7.1 0.1 7.0 K. Water and Sanitation Dlrectorate 68.0 5.0 51.0 2 8.2 0.0 s.6 Total ase Cot 2.70.2 916.1 1,791.1 100 300.6 101.7 198.9 Total Physical Contingencies 135.3 45.8 89.5 a 16.1 8.1 10.0 Total Price Contingencels 314.0 45.8 89.6 13 37.9 12.7 25.2 Total Projet Cost 3.182.5 1.076.2 2.106.3 118 353.6 119.8 234.1 PMaJF7PINANCING PLAN -Million - %e4 Landing Terme I .U36.. Proje~t Code IDRO Ian 1.40.0 160.0 46 20 yeare Including 6 yoars of graoe at the standard varable rate Co-Lmnder Loens (OECF.AD) 76.0 84.0 24 StandardOEF. AD b~r Goverment 68.5 6.6 2 Budgut RAD 225.0 25.0 7 Own Contibuton RADEEF 14.4 4.6 1 Own Contribuen RADEEM 17.1 1.9 1 Own Cntibu O RADEEMA 71.1 7.9 2 Own Contrilbuln RAK 18.9 2.1 1 Own Contribution RED 162.0 18.0 5 Own Contribution ONEP 302.5 43.6 12 Own Contributnn TOTAL p5gg6 ggg 1gg * Excluding taxes and duties (US$56.0 million) and interest during construction (US$9.1 million) Schedule B Page 1 of 3 KINGDOM OF MOROCCO FIFT WATER SUPPLY PROJECT Amounts and Methods of Procurement Ag/ (US$ million) ICB LCB Other NBFAb/ Total Cost Prote.t Element REGIES (a) Pipelines & Civil Works 36.9 14.0 1 E.3 53.2 (32.3) (11.4) (43.7) (b) Supply and Installation of equipment 10.1 0.8 - 1.9 12.8 (26.3) - (26.3) (c) Consultants, TA & training - - 3.4 - 3.4 (9.2) (9.2* (a) Pipelines & Civil Works 28.2 3.3 * 2.5 34.0 (14.0) (1.7) (15.7) (b) Supply and installation of equipment 5.0 2.8 - - 7.8 (18.0) (2.0) - (20.0) (c) Consultants, TA & Training - - 1.9 1.9 (6.8) (6.8) MINISTERIAL AGENCIES (ESPD, HA, ND, MSD) (a) Pipelines & Civil Works 3.4 0.9 - 4.3 (4.3) (1.1) - (5.4) (b) Supply and installation of 0.9 0.2 - - 1.1 equipment (17.4) (1.2) - (18.6) (c) Consultants, TA and training - - 1.1 - 1.1 (4.3) (4.3) Co-Financiers (OECF/ADB) *- - 84.0 84.0 TOTALS 196.8 39.4 26.7 90.7 353.6 Bank loans (112.3) (17.4) (20.3) - (150.0) R6gies 47.0 14.8 3.4 4.2 69.4 ONEP 33.2 6.1 1.9 2.5 43.7 Government 4.3 1.1 1.1 - 6.5 Co-financiers (OECF/ADB) - - - 84.0 84.0 a/ Amounts include contingencies. Amounts in ( ) indicate Bank financing. b/ NBF: not Bank financed Schedule B Page 2 of 3 KINGDOM OF MOROCCO PIFTH WATER SUPPLY PROJECT Bank Loan Disbursement Categories (US$ million) Category Estimated Estimated Allocated Percentages of 1-ota Cost of Amount of Expenditures cost Components Bank Loan Financed by ank funded byian Ba"IS I. Civil works 156.3 109.0 60.0 ONEP, RAD 60% and pipelines RED :65% RADEEF, RADEEMA: 72% RADEEM, RAK 78% II. Supply and installation of equipment 50.6 36.0 27.0 75% III. Supply of 100% of FE equipment 36.0 35.0 35.0 80% of LE * IV. Consultants, studies and 100% training 26.7 18.0 18.0 V. Unallocated - - 20.0 TOTAL 269.6 198.0 160.0 Co-financing (OECP, ADB) 84.0 GRAND TOTAL 353.6 * FE: foreign expenses; LE: 100% of local expenses (esx-factory cost) and 80% of local expenditures for other items procured locally. schedule B Page 3 of 3 KINGDOM OF MOROCCO FIFTH WATER SUPPLY PROJECT Batimated IBRD Disbursement: US$ MILLION FY 1994 1995 1996 1997 1998 1999 2000 2001 Annual 0.0 22.4 25.6 25.6 25.6 ..-.6 25.6 9.6 Cumulative 0.0 22.4 48.0 73.6 99.2 124.8 150.4 160.0 Schedule C Page 1 of 2 KINGDOM OF MOROCCO FIFTH WATER SUPPLY PROJECT Timetable of Key Proiect Processing Timetable of Events: Time taken to prepare the Project 25 months Prepared by ESPD (MOPH), HA (MOPW), NMD (MOPW), WSD (MOI), ONEP, RAD, RADEEF, RADEEM, RADEEMA, RAK, RED, Consultants and Bank assistance Identification March 1991 Appraisal April-May 1993 Negotiations October 1993 Planned Board Date November 1993 Planned Effectiveness Date January 1994 Schedule C Page 2 of 2 KINGDOM OF MOROCCO PIFTH WATER SUPPLY PROJECT List of Relevant PCRa Loan No. Proiect PRC Date PCR/PPAR No. 850-MOR First Water Supply Project December 16, 1981 3721 S-7-MOR Engineering Loan to the Sewerage Sector June 14, 1984 5131 1724-MOR Second Water Supply Project June 8, 1990 8725 Sohedule 0 page10t2 The Status of Bank Gr0uo COeratons In Morocco Statement of Bank Loans and IDA Credits (AS of Seotember 30. 199M Ug UV Anfunt Lain or ReI <esscanosicaMdon CdNo. dg pr~ Omk g a Undlbur Sweunty-two ioaneantd Lvorediteuiydsbursed 3.733. 4.10 Of which SAte. SECAa, and Program Loanela 277 1984 tOngdom of Moroco Industrial Trade Ply(SAP) 160.40 a0 196 lngdom of Mrooo Agrioulture Stor1 100.00 2104 1986 lUngdom af Mwrco Industrial Trade Poy Adjuttment il 200.00 2004 1986 [Ungdom *f Morcco Education Setr I 180.00 3001 1989 #Ongdom Øf Marocco SAL i 200.00 2820 1987 langdom af Mor~oco PERL i 236.68 8888 1988 lngdom of Moroco Aguicutture Seator Ii 226.00 3483 1992 M0ngdom oMorlcco SAL I 275.00 Sub-total 1539,06 Dibursin. Loane 2572 196 lOngdom øf Moroco Health Development 28.40 4.88 267 1916 Port Authodty Port Projet 22.00 1.03 2779 1987 lGngdom of Moroca Vocatonal Traning il 22.30 1.75 2798 1967 ONPT Telecommunicatlons l 118.00 22.84 2806 1987 SNOE Industrial Export Finance i 89.00 3.24 282 1987 Kngdom of Morcoco National Water Supply 60.00 34.90 2828 197 lngdom af Morocc Greater Casablanca Sewerage 0.00 38.85 2910 19~8 Ongdom øf Moro~co Power Distribution 90.00 83.46 2954 1988 lGngdom ofMoroco Smal & Medium irrigaon Il 23.00 18.87 3026 1989 "ingdom ofMoroooo Rural Primary Educadon 83.00 41.22 3038 199 lGngdom of Moroco Agriculture tension & Research 28.00 18.10 8048 1969 lngdom ol Morooco Publio Administraion Loam 2300 13.35 3088 189 CNCA National Agricuture Credit 190.00 0.27 3121/22 1990 CiH .Housing Finance 80,60 2.68 3136 1990 KGngdom ol Morocco industrial Pinance 170.00 10.8 316 1890 ngdom ofMorocco Forestry i 49.00 41.63 3168 1990 lGngdom ol Morooco Hlghway Seotor 79.00 27.83 3171 1910 Ongdom of Morocc Health Sect 104.00 86.39 3262 1961 tQngdom,a Morooo Rural Eectu~loation ti 114.00 114.00 3283 1991 IGngdom of Morooco Port Sector 38.00 26.34 3284 1991 OOEP PortSector 99.00 79.41 3298 1991 KOngdom ol Morocoo Rural 8aao £ducalon eveopment 146.00 142.0 3386 191 IGngdom ofMoroco Financial Setor Dvelopent 236.00 10.47 340 1992 ingdom of Moroco Aguiculture Seotor investment 10.00 6.88 3w57 1998 ingdom *f Moroco Teecommunkoadone 100.00 100.00 3687 1998 Kngdom af Morocco Scond Large øal. irrigation 215.00 21.00 3518121 198 Wngdom ol Morocco Land Døvelopment 130.00 130.00 38616/17 19~3 Mngdom of Moroco Municipal Finance I / 104.00 104.00 3647 1994 i0ngdom ol Moroco Environment Tech. Assislance b -M0 6g0 TOTAL 6,861.49 4.16 1,411.A9 Of which has been repaid (only amortization) 1.617.46 8.74 Total hald by Bank and IDA 4,604.04 36.42 Amount sold 20.11 of which repaid 20.11 Total Undibursed 1.411.ff SAL. SECAL or Program Loan la Approved ater FY80 ib t yst igned /c Not yeteffeetve M.fAt~imeriastachedD page 2of 2 Statement of IFC inveatments in Morocco (As ol Aunust 31.190= Odginal ros Commitmnt Rlea (US$Million> lemr ok~!f nfic É~ Lan fi T~ 1982 Banque Nationale pour Development Finance 42.61 2.88 45.19 1978 le Dev. Eom. (BNDE) 1983 1988 1980 Soiet. Minere du EWu- Mines 12.99 2.f8 15.37 0affr (SOMIFER) 1G2 Cimentere Nouvelle Cement Prdution 29.30 2.10 31.40 1988 de Casab~ana (CINOUCA) 1992 1985 fhitere Marocaine Agroinduutry 4.f7 - 4.97 de Trmneformation (FRUMAT) 1987 Credit Immob~lr et Tourism 68.13 - 68.13 ~oteller (CIH) 1987 Set Filature Textle Factory 8.28 1.81 4.89 (SE7AFIL 1980 Compagnie Maritime Ferry Service 4.30 - 4.30 (COMAR~a) 191 Cerame Afdque Ceramice .47 1.70 517 Industries(CAI) 1982 CIMASF Cement 18.89 - 1M.8 1992 Banque Commerciale de 8ankng 12.00 - 12.00 Maro (8CM) 1992 Øanqu$ Marocaine Eanidng 12.00 - 12.00 du Commerce Exteroeur (BMCE) 1992 Credit du Maroc (CDM) andng 8.00 - 8.00 191 Wafabank Banking 8.00 - 8.00 1993 International de Capital Market - 4.10 Financement et de Participaton (INTERFINA) Totafgroes commitmente 222.64 14.57 237.21 Lese ancellatons, terminations, repaymente. sale and exchange adjustmente 48.97 4.06 63.03 Total commitmente held by IFC 1787 10.51 184.18 ofwMoh undisbursed 5.14 1.fi 7.10 IFC net Doeo not inlude pautiipante from commercial bank IBRD 25095 -36- AGE MedOLL00 SN MOROCCO d FIFTH WATER SUPPLY PROJECT AL HOCEMA NADOR REGIES LOCAT ON Lormh. CHAOUEN Ksor El Kebi, ATLANTIC OCAN A~N> 0OIDAak TAOUNATE( MOEREGIES H HEADQUARTERS OF REGIES RADEETA . PPOVINCE CENTERS SERVED BY REGIES KENITRA RADE TA MOUNTAINS So - " I$OHYET KHEMISSET MEKNES"\ RADEEF RIVERS AND WADIS Skhå Sefro FES PROVINCE CAPITALS* CASABLAN RABAT NATIONAL CAPITAL RA RNUMANL PROVINCE BOUNDARIES* Aumm -.- INTERNATIONAL BOUNDARY EL ID = INTERNATIONAL BOUNDARY (APPROXIMATE) "IE KHENIFRA Khmi OKHOURBGA *Nmef~ of province is the soeo Ouaii ,tfi fpteaocpitol. -32i, 2ttDolS -\e BEN L ELALERAHDI rnoDES SRARHNA ~RCII Tomonar AE-T --P ~ EA F ESSAOUIRAo vp MARRAKECH 0 o mi OAZLALTE RAMSA 2_ _ _ AGADIg g KILOMETERS 8Meloul TIZNIT OTATA or a AUGUT 1993