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WMCT Secures €196.7 Million Long‑Term Loan to Build Nador West Med East Terminal – A Boost for Morocco’s Port Network
On July 8, 2026, West Med Container Terminal (WMCT), a subsidiary of Marsa Maroc, closed a €196.7 million project‑finance loan with a Moroccan bank consortium. The 15‑year credit will fund a large part of the first phase of the East Terminal at the Nador West Med port, a development valued at roughly €253 million and slated to start operations in Q4 2026. The financing underlines Marsa Maroc’s commitment to expanding Morocco’s maritime and logistics capacity.
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Deal Overview
West Med Container Terminal (WMCT), the concessionaire of the East Terminal at the Nador West Med port and a subsidiary of Marsa Maroc, signed a €196.7 million long‑term loan on 8 July 2026. The financing was structured as a project‑finance facility and will be provided by a consortium of Moroccan banks.
Bank Consortium
The lead arranger is Attijariwafa Bank, supported by Banque Centrale Populaire and Bank of Africa as co‑arrangers.
Loan Terms
- Amount: €196.7 million
- Maturity: 15 years
- Purpose: Partial funding of the first phase of the East Terminal, whose total cost is estimated at around €253 million.
Project Timeline
The loan will help cover construction costs ahead of the terminal’s scheduled commissioning in the fourth quarter of 2026. The financing aligns with the broader funding plan for the Nador West Med project.
Strategic Significance
Through this transaction, Marsa Maroc continues to advance its strategic portfolio of port infrastructure projects. The Nador West Med hub is expected to strengthen Morocco’s maritime connectivity and logistics network, supporting trade flows across the region.