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News Morocco Courts Private Sector’s Help for $28 Billion Water Plan

Morocco’s government is appealing to private investors to help finance a 230 billion-dirham ($28 billion) water plan that the North African country hopes will ease stress on its resources.

Morocco, where tourism has doubled since 2000, is prone to drought and heavily dependent on rainfall. Its agricultural industry relies on more traditional yet wasteful irrigation methods, employing almost 40 percent of the country’s 11 million workforce. Pressure on water resources in such places as Marrakesh led to clashes in 2012 over rising costs.

Farmers in the Souss region, the top source of Morocco’s citrus and tomato exports to Europe, now dig more than 100 meters (328 feet) deep for water compared with 10 meters in the 1980s.

The annual per capita water availability may fall to 500 cubic meters by as early as 2025 from 700 cubic meters last year after peaking at 2,500 cubic meters in 1960, Abdessalam Ziad, head of planning at the water ministry, said in January.

In December, General Affairs and Public Governance Minister Mohamed el-Ouafa told an OECD conference that the country is mulling a plan to build a 300-mile canal to divert water from the wetter north to supply drier regions.

 

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Read also: 

http://www.flm.ma/warticle.php?id=1568

http://www.leconomiste.com/article/943951-gestion-de-l-eauun-plan-national-230-milliards-de-dh

Contact information Souhail Karam in Rabat, Bloomberg / Randall Hackley (email: skaram5@bloomberg.net)
News type Inbrief
File link http://www.businessweek.com/news/2014-05-13/morocco-courts-private-sector-s-help-for-28-billion-water-plan
Source of information L'ECONOMISTE & Bloomberg
Subject(s) FINANCE-ECONOMY , HYDRAULICS - HYDROLOGY , INFRASTRUCTURES , POLICY-WATER POLICY AND WATER MANAGEMENT , WATER DEMAND
Relation http://www.emwis.net/thematicdirs/news/2014/05/maroc-le-cese-adopte-l-unanimite-le-rapport-sur-la-gouvernance-par-la-gestion
Geographical coverage Morocco
News date 13/05/2014
Working language(s) FRENCH
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