馃嚥馃嚘MoroccoNorth Africa
EBRD loan of 100 million euros for ONDA digital transformation awaits approval
via Le Matin2 min read
The European Bank for Reconstruction and Development EBRD Board of Directors is scheduled to review a senior loan of up to 100 million euros for the National Airports Office ONDA on July 22. This operation, currently in negotiation, includes a committed Tranche A of 60 million euros and an uncommitted Tranche B of 40 million euros. The funding is intended to support ONDA's digital transformation program, aiming to enhance operational efficiency, security, reliability, and service quality, while improving cost efficiency in line with international standards. The project will also contribute to ONDA's institutional reform, particularly its transformation into a public limited company, and promote the deployment of advanced digital technologies to boost operational effectiveness and commercial competitiveness. The total project cost is estimated at 100 million euros, matching the proposed EBRD financing. The EBRD will also assist ONDA in strengthening its corporate governance and adopting international digital standards. Additionally, the project will benefit from two technical assistance missions: one for implementing the digitization program and another for supporting the institutional reform. Established in 1990, ONDA is responsible for developing and managing airport infrastructure and air navigation services in Morocco and its surrounding airspace, currently managing 24 airports. This project extends a long-standing partnership; in 2020, the EBRD provided ONDA with a 150 mi
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This summary was AI-generated from a story originally published by Le Matin.
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