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Lydec public utility firm to invest over $82 million in Moroccan water grid
Morocco, Business, 9/23/1998
Casablanca-based Lydec, a branch of French Lyonnaise des Eaux company, will invest over $82 million to upgrade water and power grids in Morocco's economic capital city, Casablanca.
At a news conference Tuesday in Casablanca, Lydec's managing director said the company is planning to inject $82 million over a two-year period, including nearly $40 million to be used for cleaning up the Casablanca water grid.
Last year, Lyonnaise des Eaux de Casablanca (Lydec) won a $3 billion contract for the water-electricity management of Casablanca for 30 years.
Located on the Atlantic coast, Casablanca is the country's largest city, with a population of four million.
Previous Stories:
Moroccan minister meets chief of French Development Agency
(9/18/1998)
Morocco ready to assist Burkina Faso in combating desertification
(8/28/1998)
Morocco and Niger sign cooperation protocol in water resource management
(7/29/1998)
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