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Morocco attracts 207 mln U.S. dollars green funds

Xinhua, April 7, 2017 Adjust font size:

Morocco continues to attract green funds as the first Green Climate Fund (GCF) agreed to contribute to the financing of a new water conservation project in Morocco worth 207 million US dollars, local media reported on Friday.

The program is also financed by the European Bank for Reconstruction and Development (EBRD) with 127 million US dollars and the Moroccan government with 47 million U.S. dollars.

It consists of building a 135 km primary transmission pipe from the Mdez dam to the Saiss plain in Northern Morocco.

The project's objective is to replace water abstraction from the local aquifer and water resources of the Saiss plain, which is currently overexploited. Endit