Société Nationale des Autoroutes du Maroc

Infobox Company
name = Société Nationale des Autoroutes du Maroc

type = "société anonyme"
genre = "public services"
foundation = 1989
founder =
location_city = Rabat
location_country = Morocco
location =
locations =
area_served = "country"
key_people = Karim GHELLAB , CEO
Khalid SBIA, CFO
industry = road management
products =
services = toll-roads
market c
Million dirhams
revenue =
operating_income = 1.086 Million dirhams
net_income = 22 Million dirhams
assets =
equity =
owner = see list investors
num_employees = 597
parent =
divisions =
subsid =
homepage = [www.adm.co.ma]
footnotes = CoC#29175, valid for 99 years
intl =

The Société Nationale des Autoroutes du Maroc (ADM) is the Morocco's national authority for the management of over 850 km of Moroccan expressways [Figure March 2008 source: [http://www.adm.co.ma/news.cfm?id=28 ADM Pressrelease Tanger Expressway] ] . ADM is based in Rabat.

ADM runs the network on a pay-per-use basis, with toll stations placed along its length. Rental-income from rest-areas and services (fuel, food and drink outlets etc) form a second income beside the collected toll-revenues.

Not only the management of existing roads is ADM's responsibility, management of construction projects and planning of future extensions is part of their mission.

History

The total length of paved roads in Morocco has grown dramaticly over the past decades, and doubled from 14.500 km in 1956 to over 30.000 km now. Studies in the early seventies predicted a growth in traffic-load of 6% a year, meaning that every twelve years the traffic doubles.In 1975 construction started on the first stage of the motorway between Casablanca and Rabat. Financial restrictions slowed down development and the opening of the last section had to wait until 1987. Two years later the ADM was officially formed.Since that date other motorways were developed. One instrument to allow faster construction was introduction of toll. Revenues could then be used to repay investments.

Road construction

After completion of the Casablanca-Rabat expressway new developments contributed in completing the much wanted North-South and East-West main links. The East-West link runs from Rabat via Fez to Oujda. The first stage is completed as the Rabat-Fes expressway and the Fes-Oujda expressway is under construction.

The North-South link is formed with Casablanca as startpoint:
* Casablanca to Tanger, Tétouan and Fnideq using Rabat-Tangier expressway
* Casablanca via Marrakech to Agadir using Casablanca-Marrakesh expressway and Marrakech-Agadir expressway
* Casablanca to El Jadida

managing projects

ADM uses projects to manage the development of new roads. Each project has its own finances (budget, investors) and most projects split up in segments. Call for bids for each segment are then published and generly open for national and international bidders.

under construction

Two projects are under construction:
*Fes-Oujda expressway - 320 km road to be built between 2007 and 2010 Total projected investment: 2.000 "MDH"
*Marrakech-Agadir expressway- 223 km road to be built between 2006 and 2009 Total projected investment: 1.500 "MDH"

planned

For one project start of construction is expected shortlu:
* widening the Casablanca-Rabat expressway from 2 x 2 to 2 x 3 lanes:Realisation between 2009 and 2011, projected budget 800 "MDH"

The company

ADM is set up as a "société anonyme" and its market capital of 6.507.628.500 dirhams has been brought together by:
* Fonds Hassan II (the Hasan II Fund): 61,47%
* Trésor public of Morocco : 33,11 %
* Public corporations : 2,09 %
* Banks and (other) institutional investors : 0,76 %
* the Kuwait Investment Authority : 1,74%
* others : 0,83 %

In 2008 the company will invest 6.684 million dirhams (aprox 610 million Euro) [Pressrelease on ADM website: [http://www.adm.co.ma/news.cfm?id=26 ADM investira 6,684 MMDH en 2008] , visited 22 August, 2008]

Management

The board of directors of ADM is formed by "real" men and representatives of major investors:

ee also

* Autoroute
* Toll road
* Péage

External links

* [http://www.adm.co.ma ADM website] in fr icon

References

All statistical figures and financial data from [http://www.adm.co.ma ADM website]