03/05/2018 European Investment Bank Group 1
LTIC Business Meeting Case Studies on Infrastructure Investments: - - PowerPoint PPT Presentation
LTIC Business Meeting Case Studies on Infrastructure Investments: - - PowerPoint PPT Presentation
LTIC Business Meeting Case Studies on Infrastructure Investments: Eco-city of Zenata Rabat , 26th of April 2018 03/05/2018 European Investment Bank Group 1 The EIB at a glance Bank of the European Union Worlds largest
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-city An 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
2 6 4 1 3 5 7 8
Sustainable financial performance generating long term value creation
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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%
- f total national GDP
SAZ is Entrusted with Zenata Project Management in Coordination with All the Stakeholders
Experts & Advices Operators & Investors Financing Institutions CDG 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 new
urban 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 2012-2016 2009-2012
An innovative master plan
470 ha of big urban (30%
- f total land area) parks
and natural corridors conceived to promote biodiversity (15 m²/habitant Vs. 13 m² WHO standards) Each living unit offers all the necessary equipment for daily life in terms of education, health, shopping and leisure Collective transport The mobility plan integrates the development of an intermodal station (train, Regional train, tramway, bus) and a high frequency bus network Soft mobility 12 km
- f
bicycle and pedestrian walkways linking all life units Air Fresh air is brought to the city through natural corridors that aims to lower the temperature by 2 to 3°C during summers and regulates humidity during winters Water Gravity flow and mixed canal systems divert rain surface water through natural reservoirs that will embellish the landscape through the creation of temporary pounds
1
Management
- f the elements
2
Accessibilty and inner mobility
3
Green and
- pen city
4
A city
- n 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
Air Fresh air is brought to the city through natural corridors that aims to lower the temperature by 2 to 3°C during summers and regulates humidity during winters Water Gravity flow and mixed canal systems divert rain surface water through natural reservoirs that will embellish the landscape through the creation
- f temporary pounds
470 ha of big urban (30% of total land area) parks and natural corridors 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 transport The mobility plan integrates the development of an intermodal station (train, Regional train, tramway, bus) and a high frequency bus network Soft mobility 12 km of bicycle and pedestrian walkways linking all life units Each living unit offers all the necessary equipment for daily life 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 quality
and 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
- pened 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 2013
Date
- €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 8 808
households living in slums under national legal frameworks:
- «
Relogement »: providing an appartment with dedicated financing facilities
- « Recasement »: providing a land plot at
low prices dedicated to the constuction of 3 level buildings, with the financial contribution of a « third party »
- added
value: give the choice to slum households between both options
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Resettlement documents
Resettlement Policy Framework Resettlement Action Plan
Resettlement Strong Support from International Institutions and Added Value
Public Consultation items
4 « Open Doors Day » (each year) and focus groups EIA consultation Development plan consultation CPR consultation
- Climate change
- Oceans
- Peace
- Biodiversity
- Poverty
- Education
- Hunger
- Water
- Health
- Energy
- Cities
- Infrastructure
- Employment
- Inequality
Common goods Social progress Living conditions Primary needs
At Zenata, two grants so far:
4M€ NIF
(Neighborhood Investment Facility by European Union)
300K€ AFD
(French Development Agency)
Local impact Global impact Small scale Large scale
The blending is the key to sustainibility
Strong Support from International Institutions and Added Value
Thank you!
More information at: www.eib.org h.mouatadid@eib.org Tel.: +352 4379-82521
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