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Nador West Med secures €196.7 million in bank financing for container terminal
via Le Matin1 min read
West Med Container Terminal WMCT, the concessionary company for the East Terminal of the Nador West Med port, signed a long-term project finance credit agreement for €196.7 million on July 8, 2026. The financing was secured with a consortium of Moroccan banks, including Attijariwafa bank Group as mandated lead arranger, and Banque Centrale Populaire Group and Bank Of Africa Group as arrangers. This 15-year credit facility will fund a portion of the development costs for the first section of the Nador West Med port's East Terminal. The total investment for this initial phase is approximately €253 million. This financing agreement is part of the overall funding plan for the East Terminal project, which is expected to commence operations in the last quarter of 2026.
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This summary was AI-generated from a story originally published by Le Matin.
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