Bouygues group mobilized to materialize Tangiers port on time

The Bouygues Group, a World leader in constructions that won a US$ 242-million deal to build the basic installations of the Mediterranean Port of Tangiers, said Thursday it was "mobilized" to materialize the project on time.

The new port is "a high quality project" that will serve as a new link between Africa and Europe, Martin Bouygues, Chief Executive Officer (CEO) of the group, told the press following the signing of the deal at a ceremony chaired by King Mohammed VI.

Under the contract, the group undertakes to construct the required installations in 36 months. The Mediterranean Port of Tangiers is planned to be operational in 2007.

The new port, (35 km east of Tangier), whose construction works were launched by king Mohammed VI last February, is designed to become a hub for regional sea transport.

The facility, that will cost 5 billion dirhams, nearly US$ 500 million, is the central facility of this ambitious project.

Set up 50 years ago by Francis Bouygues, the Bouygues Group is now implanted in 91 countries. The corporation, whose core business is construction, is also active in civil engineering, audio-visual technology, telecommunications, real estate, environment and services.

Meantime, King Mohammed VI received Thursday at the Royal Palace in Agadir, Martin Bouygues. Bouygues assured King Mohammed VI of his group's confidence in Morocco, a country scoring constant development and enjoying security and stability. Bouygues underlined that his group will continue to invest in Morocco.