The African Development Bank plans to lend Morocco €650 million to develop transportation infrastructure for the World Cup in 2030, MAP state news agency quoted the bank's head as saying on Thursday.
Bank President Akinwumi Adesina said financing to develop Morocco's rail and airport infrastructure for the World Cup would be put to the board for approval.
Morocco will host the 2030 World Cup jointly with Spain and Portugal. It will be the second African country to host the World Cup after South Africa in 2010.
The North African country has begun plans to develop air, road and rail infrastructure projects.
Morocco also plans to build a large stadium in Benslimane, near Casablanca, and upgrade six others, the government said last year.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Erroneous to think my role as Torkornoo’s lawyer affects injunction application against removal – Godfred Dame
2 minutes -
CJ Torkornoo is ‘merely barking’ – Ansa-Asare on injunction to stop removal probe
4 minutes -
Ghana Athletics sets roadmap for junior and senior athletes ahead of August nationals
24 minutes -
You will not lose any value after restructuring of MobileMoney Limited – MTN Board Chair assures shareholders
25 minutes -
Decongestion exercise is long-term, not temporary – Accra Mayor
38 minutes -
Joy Prime’s Big Chef Junior Team surprises Serwaa Bonsu at school
43 minutes -
Ag. NPA CEO pays courtesy call on former US Ambassador
47 minutes -
Ghana Immigration Crackdown: Deportation of undocumented foreign beggars
48 minutes -
Cedi appreciation: Gov’t’s expenditure misalignment must be investigated – Gideon Boako
53 minutes -
Ghana needs $562bn for full energy transition by 2070 – Energy Ministry
1 hour -
Suspended CJ Torkornoo files injunction against committee probing her removal
1 hour -
Photos: AMA demolishes illegal structures, uncovers ‘Lucifer Village’ on day 2 of decongestion exercise at Circle
2 hours -
JHS pupil dies in galamsey pit after being chased by security at Pramkuma
2 hours -
AMA uncovers ‘Lucifer Village’ at Nkrumah Circle: Brothels, bars, illegal structures built over gutters
2 hours -
Cedi gains unsustainable without real sector growth – Prof Lord Mensah warns
2 hours