The European Investment Bank has signed a EUR80 million (US$90.50 million) loan with the Société Nationale des Autoroutes du Maroc (ADM) for the upgrade of Casablanca-Berrechid road in Morocco. 

The financing is part of the EUR150 million (US$170 million) loan agreement of the Government of Morocco, European Investment Bank (EIB) and Caisse pour le Financement Routier (CFR). The loan will be used to fund the upgrade and development of the important large-scale projects including 30 major structures and 1,650km road in the country.