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Moroccan highway tolls exceed $ 40 million in 2002
Morocco, Economics, 10/10/2003
Moroccan highway tolls reached in 2002 400 million DH (over US$ 40 million), increasing by 26% compared to the amount paid in 2001, says the state-owned company of Morocco's highways (ADM).
The Rabat-Casablanca 120 km-long highway accounts for 40 percent of tolls, followed by the north-bound Rabat-Asilah axis with 26% of the total amount.
Morocco counts 506 km of highways that are all pay roads.
The company which projects to build an annual average of 100 km of highways between 2004 and 2006, for an annual investment of 2.3 billion DH (US$ about 230 million).
With a capital of 2.22 billion DH (US$ 222 million), ADM is in charge of highway construction, maintenance and operation contracts.
Previous Stories:
Deal for construction of basic installations of Tangiers port signed
(6/13/2003)
Turkish business delegation to visit Morocco
(4/26/2003)
Les Echos: Morocco's premier to administer shock therapy to economy
(11/28/2002)
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