Audio By Carbonatix
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.
Latest Stories
-
Here’s why ECG’s ‘cosmetic revenue feat’ masks deep leadership and governance failures
3 minutes -
Salaga South MP takes Ghana’s child rights agenda to global CRC session in Geneva
10 minutes -
Cedi claws back some gains, but demand pressures set to resume
17 minutes -
Renewal of Foreign Exchange Trading Licenses contingent upon sustained compliance, regulatory requirements – BoG to banks
31 minutes -
Black Princesses receive owed per diems for Tunisia World Cup doubleheader
44 minutes -
Gov’t plans GH¢10bn domestic infrastructure bond to fund roads, boost economic recovery
48 minutes -
Daddy Lumba estate battle deepens as Akosua Serwaah heads to Court of Appeal
53 minutes -
Bond market: Liquidity remains modest, turnover increases by 0.35% to GH¢1.59bn
58 minutes -
Bawku conflict: Court orders AG to justify continued detention of Seidu Abagre
1 hour -
Boakyewaa Glover: To be witnessed
1 hour -
Daily Insight for CEOs: The CEO’s role in driving leadership accountability early in the year
1 hour -
Bawumia campaigned for NPP in Adenta – Akosua Manu hits back at Kennedy Agyapong
1 hour -
Government’s reset agenda will take time to materialise – Ho Central MP
1 hour -
Police seize over 1,600 parcels of suspected narcotic drugs in major bust
1 hour -
Miguel Ribeiro Fiifi Brandful
1 hour