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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: [email protected].: +352 4379-82521
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