World Bank Loans Morocco 125 mln Dlrs

The World Bank said it will provide Morocco a 125 mln dlr loan for a project intended to improve, expand and modernize its telecommunications network.

The Bank said the project expects to satisfy about 80 pct of the demand for telephone service and the 100 pct of the demand for telex service by 1994.

The total cost of the project is 647.5 mln dlrs, with the Office National des Postes et Telecommunications du Maroc providing 359.6 mln dlrs and bilateral sources expected to provide 189.9 mln dlrs, the Bank said.