(Ecofin Agency) - Consortium including Turkish STFA Group, Société Générale des Travaux du Maroc (SGTM) and Luxembourg group Jan de Nul (JDN) is the winning bidder of call to offer for the construction of Nador West Med port complex, Moroccan newspaper L’Economiste reported on February 4.
The consortium presented the most affordable bid, 7.61 billion dirham (1 dirham = $0.10), the newspaper added without revealing its source.
Other preselected groupings to have submitted their offers include French Bouygues partnering with its Moroccan subsidiary Bymaro and Italian Saipem-Dredging ; Spanish Acciona, with American GLF and British IPC ; Greek-Holland Archirodon with South Korean Daewoo ; Moroccan Somagec and its Equatorial-Guinean subsidiary plus Boskalis from Holland ; South Korean Samsung Engineering & Construction ; and finally China Harbour Engineering Company.
Located on the Mediterranean coast of Morocco, the Nador West Med complex is structured around a big port and commercial, industrial, logistic and tertiary units covering a free trade zone of 1500 ha and a 2500 ha extra harbor area. The complex which costs €950 million should progressively become active in 2021.
First stage of the project that includes the construction of the main dike, secondary dike, three oil terminals and a container terminal, has been estimated at €500 million.
The project will mainly be financed by the European Bank for Reconstruction and Development (EBRD) and the Arab Fund for Economic and Social Development (AFESD).