• Release of the priority fund of 10 billion CFA francs to fund the first phase of the works.
• Initiation by Morocco and Côte d’Ivoire of a pilot model of South-South cooperation.
• Cocody Bay, an important project jointly managed by Marchica Med, a Moroccan State-owned company and the Ivorian Government.
The countdown has started, 10 billion CFA francs will be soon released to launch the first phase of the project. This priority funding has been provided ahead of the release of the 100 billion CFA francs needed to complete the whole project.
This first part, made available to the Ivorian Government by the Moroccan bank Attijariwafa Bank, will be used to finalise the technical studies and to launch the priority work for protection against flood and bay depollution.
In connection with the future phases of the project, Cocody Bay, a highly symbolic location in Abidjan, will benefit from the construction of dams, bridges and road infrastructure, the development of a marina, port works and an urban park. The project, jointly managed by Marchica Med, a Moroccan State-owned company and the Ivorian Government, will be delivered in 2019.
The visit of His Majesty the King Mohammed VI to Abidjan in June 2015 – a historic step for Cocody Bay project.
During the visit of King Mohammed VI in Côte d’Ivoire, a presentation ceremony of the project to His Majesty and His Excellency the President Alassane Ouattara was held in Abidjan on June 3rd.
Over the course of this event, the operational structuring of the project was finalised and four agreements were signed to this effect. These agreements serve to highlight the innovative character of the project through the implementation of a pilot co-development model.