$450 Million for a Moroccan Project in Cote d’Ivoire

King Mohammed VI, accompanied by Prince Moulay Ismail, and the President of the Republic of Côte d’Ivoire, Alassane Dramane Ouattara, presided over the presentation of the Bay of Cocody’s project safeguarding and enhancing progress the in Abidjan.

The two head of states presided over the signing of a memorandum of understanding Monday, March 6, on the site that will soon shelter what is expected to be one of the future jewels of Ivorian tourism.

Before and after this stage, the two heads of state visited the construction sites, which include the decontamination of the lagoon as well as the construction of recreational areas, hotels, restaurants and sports centers.

During this ceremony, the president of the board of “Marchica Med”, the Moroccan company in charge of project steering, Saïd Zarrou, delivered a speech before the two Heads of State in which he affirmed that the project “safeguarding and enhancing the Bay of Cocody, has crossed some important milestones” and has thus reached a stage of maturity, particularly in terms of infrastructure.

Zarrou did not fail to emphasize that “all the components of the project are under study or construction” for a total amount of 450 million dollars.

Before and after this stage, the two heads of state visited the construction sites, which include the decontamination of the lagoon as well as the construction of recreational areas, hotels, restaurants and sports centers.

This memorandum, signed by the Ivorian Minister of Economic Infrastructure, Amédie Kouakou Koffi and Said Zarrou, sets out the modalities for the implementation of a valorization and exploitation program on the upgrading of the Rive Plateau, the Parc Urbain de Cocody and Of the Banco Green Coulée. It also provides for an extension of the partnership for urban and port development in Grand Bassam.

Amédie Kouakou Koffi also indicated that the first phase of the construction works is scheduled to end on 7 August. For all infrastructures, delivery is set for 2020.

Source :Morocco World News