Moroccan highway authority projects $ 112.6 million investments in 2001

The Moroccan highway authority (ADM) is projecting to invest in 2001 1.23 billion DH ($ 112.6 million), including 92% to carry on works and start construction of new highways.

Over 4% of the ADMN investments for 2001 will go to repair works of existing highways and improvement of rest areas, said the ADM chief executive officer at the company's governing board meeting.

A statement of the equipment ministry says traffic on pay-highways increased by 21% between January and September 2000 compared to the same period of 1999. In the same period, receipts, worth 269 million DH ($ 24.4 million) grew by 24%, while the number of accidents on highways decreased by rates ranging between 17 and 43 %.

The state-owned ADM also expects turnover to reach in end 2001 420 million DH ($ 38.18 million).