ltic business meeting case studies on infrastructure investments: “eco … · 2018-05-29 · case...

03/05/2018 European Investment Bank Group 1

Rabat , 26th of April 2018

LTIC Business Meeting

Case Studies on Infrastructure Investments:

“Eco-city of Zenata”

The EIB at a glance• Bank of the European Union

• World’s largest multilateral lender and borrower

• More than 50 years experience in financing projects over

160 countries

• In 2017, lent EUR 78.16 billion supporting, some 901

projects and around EUR 250 billion investment

• Provides loans, advisory support and blending of loans

with EU and other grant funding

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The EIB at a glance• Headquartered in Luxembourg and 33 local offices

• Around 2 900 staff

EIB Offices in Europe EIB Offices outside Europe

EIB approach in the urban sector• Integrated, planning led urban development

• Projects with strong social, economic, employment, and environmental

benefits

• Promote innovation in smart city development, energy efficiency,

sustainable mobility, climate action and urban resilience

• Apply best practice in areas such as strategic planning, EIA, social

assessment, governance, financial sustainability

• Mobilise grant funding for investment and advisory support alongside EIB loan

funding

• Partnership with EU and other IFIs

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Zenata Eco-cityAn Innovative Sustainable Model

Key Investment Highlights

Strategic location in Greater Casablanca, Morocco’s economic hub

Opportunity to partner with CDG, Morocco’s largest financial institution

Proven capacity to attract international operators, investors and lenders

Strong and dedicated management team combining all the required expertise

An ambitious project based on an innovative sustainable model ensuring social cohesion economic development and environmental protection

High value added services expected to generate 100,000 jobs

Significant milestones achieved evidencing the project credibility

Morocco is a safe and highly attractive investment destination

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Sustainable financial performance generating long term value creation9

A Strategic Location of 1,830 ha at the Heart of a Region of 8 Million Inhabitants

Casablanca is the wealthiest region of Morocco

Its 2015 GDP represents c. 32% of total national GDP

SAZ is Entrusted with Zenata Project Management in Coordination with All the Stakeholders

Experts & Advices

Operators & Investors

Financing InstitutionsCDG Group

National and international partners

Public constituencies

A sustainable model based on the development of high added value service activities

Jobs

Vision

4 High-value added areas

Inhabitant

Zenata Eco-City is a public utility project aiming to rebalance Greater Casablanca Region by creating a newurban center based on social cohesion, economic development and environmental protection

100,000 jobs

300,000 inhabitants Middle income families with revenues between MAD 10k and MAD 20k per month

(c. $1,000 – c. $2,000m)

Health center Education center Retail center Logistic center

Green space 470 ha, representing 30% of the territory

A long-term project : 30 years of development

A planning timetable supported by a strong momentum

From 2017

Strategic Studies Development work & First openings Development of high added value assets

Strategic positioning studies : high value-added assets, economic studies, residential studies

Environmental impact, network strategy and technical feasibility studies, etc.

Development of the Master Plan

Realization of the total off-site infrastructure (sanitation, electrification, drinking water)

Opening of Phase I of the retail center (IKEA)

Development of the 1st residential area (70 ha)

Commercialization of hotel plots, services and proximity equipment

Integrated Healthcare Center

International University Campus

Phase II of the retail center

Intermodal station

First housings

Realization of the motorway interchange

Realization of the first urban roads

Installation of LED street lighting and street furniture

2012-20162009-2012

An innovative master plan

470 ha of big urban (30%of total land area) parksand natural corridorsconceived to promotebiodiversity

(15 m²/habitant Vs. 13 m²WHO standards)

Each living unit offers allthe necessary equipmentfor daily life in terms ofeducation, health,shopping and leisure

Collective transportThe mobility plan integrates thedevelopment of an intermodal station(train, Regional train, tramway, bus)and a high frequency bus network

Soft mobility12 km of bicycle and pedestrianwalkways linking all life units

AirFresh air is brought to the citythrough natural corridors that aims tolower the temperature by 2 to 3°Cduring summers and regulateshumidity during winters

WaterGravity flow and mixed canalsystems divert rain surface waterthrough natural reservoirs that willembellish the landscape through thecreation of temporary pounds

1Management

of the elements

2Accessibilty and

inner mobility

3Green andopen city

4A city

on human scale

An innovation in the urban concept (1/2)Integration of environmental and social issues into the urban concept

Optimization of environmental assets

Natural corridor Water flow

A city in a middle of a park

AirFresh air is brought to the city through natural corridors that aims tolower the temperature by 2 to 3°C during summers and regulateshumidity during winters

WaterGravity flow and mixed canal systems divert rain surface water throughnatural reservoirs that will embellish the landscape through the creationof temporary pounds

470 ha of big urban (30% of total land area) parks and naturalcorridors conceived to promote biodiversity

(15 m²/habitant Vs. 13 m² WHO standards)

Collective transport

Living units

Soft transport

BHNS

Tramway

BHNS

Tramway

Living units

Mobility plan

An innovation in the urban concept (2/2)

Collective transportThe mobility plan integrates the development of an intermodal station (train,Regional train, tramway, bus) and a high frequency bus network

Soft mobility12 km of bicycle and pedestrian walkways linking all life units

Each living unit offers all the necessary equipment for dailylife in terms of education, health, shopping and leisure

A sustainable model based on the development of high added value service activities

Land 25ha 10ha

Concept Zenata shopping & family leisure center will be the largest

in North Africa, offering a wide range of products and brands (both national and international)

Zenata health cluster proposes an innovative, high qualityand accessible offer through:• High potential specialties selection• High patients volume• Standardization of medical protocols and processes• Controlled cost and price transparency

Program

Leasable area: 120km² GLA Financing, development and management partnership

with Marjane Holding (Morocco), Al Futtaim Group (UAE), Sonae Sierra (Portugal) and SAZ selected through an International call of interest

opened in march 2016 (Phase I) $200,000 sales /day

Shopping center & Retail park under construction (Phase II)

Phase 1 Healthcare unit: 300 beds by 2020 Medical Tower: 30 medical offices for liberal practitioners Paramedical Training Center 3 stars hotel: 50 rooms + appart hotel : 50 rooms Staff & student accommodation

Phase 2 Research & Development for clinical studies Business Incubation Center MoU signed between SAZ and the Ministry of Health

in January 2014

A sustainable model based on the development of high added value service activities

Land 20ha 200ha

Concept

International University Campus delivering high quality education through 3fields • Medicine• Engineering• Business

Managed by the National Port Agency

Program

Opening in 2021 ~6,000 students in 2030 MoU signed between SAZ and the Ministry of Higher

Education in April 2013

High value added activities directly created around the Logistic hub (waste treatment and recovery sites…)

Housing program: 25,000 units over 8 years

+25,000m² of street retail

Towers programs: 9 mixed use towers of 130 m

Hotel Program: 2 (2 stars hotels), 2 (3 stars hotels), 1 (4 stars

hotels) and 1 (5 stars hotel)

Program: GFA: 850,000m² (7,000 units)

Plots area: 2,300 to 20,000m²

First units delivery: Q4 2017

Real Estate developments

First development zone

Program: GFA: 446,565 m² (4,400 units)

Plots area: 1,600 to 3,000m²

First plots delivery: 2019

First housing developments (The Farm : 70 ha)

Second housing developments (south railway station : 5 ha)

Strong Support from International Institutions and Added Value

Loan / facility amount €150 m

April 2013Date

€150m

November 2014

€4 m

June 2015

• Co-financing EIB and AFD: M 300 EUR (150 each)• The loan will cover the 1st development zone:

• Infrastructure• Site clearance• Preparation of development sites for sale to developers

• NIF grant of M 4 Euros for TA

• The project involves the resettlment of 8 808households living in slums under nationallegal frameworks:• « Relogement »: providing an

appartment with dedicated financingfacilities

• « Recasement »: providing a land plot atlow prices dedicated to the constuction of3 level buildings, with the financialcontribution of a « third party »

• added value: give the choice to slumhouseholds between both options

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Resettlementdocuments

ResettlementPolicy

Framework

ResettlementAction Plan

Resettlement

Strong Support from International Institutions and Added Value

Public Consultation

items

4 « Open Doors Day » (each year) and focus

groups

EIA consultation

Developmentplan

consultation

CPR consultation

• Climate change• Oceans• Peace• Biodiversity

• Poverty• Education• Hunger• Water• Health

• Energy• Cities• Infrastructure

• Employment• Inequality

Common goods

Social progressLiving conditions

Primary needsAt Zenata, two grants so far:

4M€ NIF(Neighborhood Investment Facility by European Union)

300K€ AFD(French Development Agency)

Local impact

Global impact

Small scaleLarge scale

The blending is the key to sustainibility

Strong Support from International Institutions and Added Value

Thank you!

More information at: www.eib.orgh.mouatadid@eib.orgTel.: +352 4379-82521

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