The Fonds d’Equipement Communal (FEC) and the Caisse de Dépôt et de Gestion (CDG) conclueded a strategic partnership in 2021 based on three complementary components which relate to the co-financing, by the two institutions, of projects of territorial development, the refinancing of the FEC by CDG, as well as the sharing of their respective expertise with the Territorial Communities to best meet their needs.
Entering into force during the first quarter of 2022, this partnership initially related to the mobilization of an overall envelope of 8 billion Dirhams, with the prospect of increasing the volumes of financing according to the intensification of the needs of the Territorial Communities.
To this end, the two institutions have agreed to increase the co-financing envelope from 8 to 13 billion Dirhams to support the investment and growth dynamics of the Regions, and in particular, for the financing of major climate adaptation projects, which are distinguished by the size of their investment volumes and which are part of the policy of major infrastructure projects.
Within the framework of these projects, the two institutions will form a group in order to structure and submit a joint financing offer in which the FEC is responsible for coordinating the operation by virtue of its role as leader and the CDG acts as co-arranger and co-credit officer.
This new step is also an opportunity for the two institutions to renew their commitment to the dynamics of territorial development and to bring it an additional dimension in support of the challenges of sustainable development and adaptation and mitigation of the effects of climate change.
New impulse to syndicated financing of development projects of Territorial Communities by the FEC and the CDG
publié le :
The Fonds d’Equipement Communal (FEC) and the Caisse de Dépôt et de Gestion (CDG) conclueded a strategic partnership in 2021 based on three complementary components which relate to the co-financing, by the two institutions, of projects of territorial development, the refinancing of the FEC by CDG, as well as the sharing of their respective expertise with the Territorial Communities to best meet their needs.
Entering into force during the first quarter of 2022, this partnership initially related to the mobilization of an overall envelope of 8 billion Dirhams, with the prospect of increasing the volumes of financing according to the intensification of the needs of the Territorial Communities.
To this end, the two institutions have agreed to increase the co-financing envelope from 8 to 13 billion Dirhams to support the investment and growth dynamics of the Regions, and in particular, for the financing of major climate adaptation projects, which are distinguished by the size of their investment volumes and which are part of the policy of major infrastructure projects.
Within the framework of these projects, the two institutions will form a group in order to structure and submit a joint financing offer in which the FEC is responsible for coordinating the operation by virtue of its role as leader and the CDG acts as co-arranger and co-credit officer.
This new step is also an opportunity for the two institutions to renew their commitment to the dynamics of territorial development and to bring it an additional dimension in support of the challenges of sustainable development and adaptation and mitigation of the effects of climate change.
