LTIC Business Meeting Case Studies on Infrastructure Investments: Eco-city of Zenata

Transcription

1 LTIC Business Meeting Case Studies on Infrastructure Investments: Eco-city of Zenata Rabat, 26th of April /05/2018 European Investment Bank Group 1

2 The EIB at a glance Bank of the European Union World s largest multilateral lender and borrower More than 50 years experience in financing projects over 160 countries In 2017, lent EUR billion supporting, some 901 projects and around EUR 250 billion investment Provides loans, advisory support and blending of loans with EU and other grant funding 03/05/2018 European Investment Bank Group 2

3 The EIB at a glance Headquartered in Luxembourg and 33 local offices Around staff EIB Offices in Europe EIB Offices outside Europe 03/05/2018 European Investment Bank Group 3

4 EIB approach in the urban sector Integrated, planning led urban development Projects with strong social, economic, employment, and environmental benefits Promote innovation in smart city development, energy efficiency, sustainable mobility, climate action and urban resilience Apply best practice in areas such as strategic planning, EIA, social assessment, governance, financial sustainability Mobilise grant funding for investment and advisory support alongside EIB loan funding Partnership with EU and other IFIs 03/05/2018 European Investment Bank Group 4

5 Zenata Eco-city An Innovative Sustainable Model

6 Key Investment Highlights 1 Morocco is a safe and highly attractive investment destination 2 Opportunity to partner with CDG, Morocco s largest financial institution 3 An ambitious project based on an innovative sustainable model ensuring social cohesion economic development and environmental protection 4 Strategic location in Greater Casablanca, Morocco s economic hub 5 High value added services expected to generate 100,000 jobs 6 Significant milestones achieved evidencing the project credibility 7 Strong and dedicated management team combining all the required expertise 8 Proven capacity to attract international operators, investors and lenders 9 Sustainable financial performance generating long term value creation

7 A Strategic Location of 1,830 ha at the Heart of a Region of 8 Million Inhabitants Casablanca is the wealthiest region of Morocco Its 2015 GDP represents c. 32% of total national GDP

8 SAZ is Entrusted with Zenata Project Management in Coordination with All the Stakeholders CDG Group Financing Institutions Public constituencies National and international partners Experts & Advices Operators & Investors

9 A sustainable model based on the development of high added value service activities Vision Zenata Eco-City is a public utility project aiming to rebalance Greater Casablanca Region by creating a new urban center based on social cohesion, economic development and environmental protection Green space 470 ha, representing 30% of the territory Jobs 100,000 jobs Inhabitant 300,000 inhabitants Middle income families with revenues between MAD 10k and MAD 20k per month (c. $1,000 c. $2,000m) 4 High-value added areas Health center Education center Retail center Logistic center

10 A long-term project : 30 years of development

11 A planning timetable supported by a strong momentum Strategic Studies Development work & First openings Development of high added value assets From 2017 Strategic positioning studies : high value-added assets, economic studies, residential studies Environmental impact, network strategy and technical feasibility studies, etc. Development of the Master Plan Realization of the total off-site infrastructure (sanitation, electrification, drinking water) Opening of Phase I of the retail center (IKEA) Development of the 1st residential area (70 ha) Commercialization of hotel plots, services and proximity equipment Realization of the motorway interchange Realization of the first urban roads Installation of LED street lighting and street furniture Integrated Healthcare Center International University Campus Phase II of the retail center Intermodal station First housings

12 An innovative master plan 1 Management of the elements 3 Green and open city Air Fresh air is brought to the city through natural corridors that aims to lower the temperature by 2 to 3 C during summers and regulates humidity during winters Water Gravity flow and mixed canal systems divert rain surface water through natural reservoirs that will embellish the landscape through the creation of temporary pounds 2 Accessibilty and inner mobility 470 ha of big urban (30% of total land area) parks and natural corridors conceived to promote biodiversity (15 m²/habitant Vs. 13 m² WHO standards) 4 A city on human scale Collective transport The mobility plan integrates the development of an intermodal station (train, Regional train, tramway, bus) and a high frequency bus network Each living unit offers all the necessary equipment for daily life in terms of education, health, shopping and leisure Soft mobility 12 km of bicycle and pedestrian walkways linking all life units

13 An innovation in the urban concept (1/2) Integration of environmental and social issues into the urban concept Optimization of environmental assets A city in a middle of a park Natural corridor Air Water flow Fresh air is brought to the city through natural corridors that aims to lower the temperature by 2 to 3 C during summers and regulates humidity during winters Water Gravity flow and mixed canal systems divert rain surface water through natural reservoirs that will embellish the landscape through the creation of temporary pounds 470 ha of big urban (30% of total land area) parks and natural corridors conceived to promote biodiversity (15 m²/habitant Vs. 13 m² WHO standards)

14 An innovation in the urban concept (2/2) Mobility plan Living units Tramway BHNS Tramway BHNS Living units Soft transport Collective transport Collective transport The mobility plan integrates the development of an intermodal station (train, Regional train, tramway, bus) and a high frequency bus network Soft mobility 12 km of bicycle and pedestrian walkways linking all life units Each living unit offers all the necessary equipment for daily life in terms of education, health, shopping and leisure

15 A sustainable model based on the development of high added value service activities Land 25ha 10ha Concept Program Zenata shopping & family leisure center will be the largest in North Africa, offering a wide range of products and brands (both national and international) Leasable area: 120km² GLA Financing, development and management partnership with Marjane Holding (Morocco), Al Futtaim Group (UAE), Sonae Sierra (Portugal) and SAZ selected through an International call of interest opened in march 2016 (Phase I) $200,000 sales /day Shopping center & Retail park under construction (Phase II) Zenata health cluster proposes an innovative, high quality and accessible offer through: High potential specialties selection High patients volume Standardization of medical protocols and processes Controlled cost and price transparency Phase 1 Healthcare unit: 300 beds by 2020 Medical Tower: 30 medical offices for liberal practitioners Paramedical Training Center 3 stars hotel: 50 rooms + appart hotel : 50 rooms Staff & student accommodation Phase 2 Research & Development for clinical studies Business Incubation Center MoU signed between SAZ and the Ministry of Health in January 2014

16 A sustainable model based on the development of high added value service activities Land 20ha 200ha Concept Program International University Campus delivering high quality education through 3fields Medicine Engineering Business Opening in 2021 ~6,000 students in 2030 MoU signed between SAZ and the Ministry of Higher Education in April 2013 Managed by the National Port Agency High value added activities directly created around the Logistic hub (waste treatment and recovery sites )

17 Real Estate developments Housing program: 25,000 units over 8 years +25,000m² of street retail Towers programs: 9 mixed use towers of 130 m Hotel Program: First development zone 2 (2 stars hotels), 2 (3 stars hotels), 1 (4 stars hotels) and 1 (5 stars hotel) First housing developments (The Farm : 70 ha) Program: GFA: 850,000m² (7,000 units) Plots area: 2,300 to 20,000m² First units delivery: Q Second housing developments (south railway station : 5 ha) Program: GFA: 446,565 m² (4,400 units) Plots area: 1,600 to 3,000m² First plots delivery: 2019

18 Strong Support from International Institutions and Added Value Co-financing EIB and AFD: M 300 EUR (150 each) The loan will cover the 1st development zone: Infrastructure Site clearance Preparation of development sites for sale to developers NIF grant of M 4 Euros for TA Loan / facility amount 150 m 150m 4 m Date April 2013 November 2014 June 2015

19 Strong Support from International Institutions and Added Value Resettlement Resettlement Policy Framework The project involves the resettlment of households living in slums under national legal frameworks: Resettlement documents «Relogement»: providing an appartment with dedicated financing facilities Resettlement Action Plan «Recasement»: providing a land plot at low prices dedicated to the constuction of 3 level buildings, with the financial contribution of a «third party» added value: give the choice to slum households between both options CPR consultation 4 «Open Doors Day» (each year) and focus groups Public Consultation items EIA consultation Development plan consultation 03/05/ European Investment Bank

20 Strong Support from International Institutions and Added Value The blending is the key to sustainibility At Zenata, two grants so far: Common goods Global impact Primary needs 4M NIF (Neighborhood Investment Facility by European Union) Large scale Climate change Oceans Peace Biodiversity Poverty Education Hunger Water Health Small scale 300K AFD (French Development Agency) Energy Cities Infrastructure Employment Inequality Living conditions Social progress Local impact

21 Thank you! More information at: Tel.: /05/2018 European Investment Bank Group 21