Morocco, Dec. 12 -- The European Bank for Reconstruction and Development (EBRD) is extending a sovereign loan of up to €150 million to Morocco to finance the construction of a water distribution network aimed at irrigating 20,000 hectares in the water-scarce Saiss plain in the Fes-Meknes region. This represents the third and final phase of the Saiss Water Conservation Programme - a flagship initiative to preserve the Saiss aquifer and promote sustainable water management in the region - and brings the total cost of the project to €252?million, following the provision of financing in 2017 and 2020 (also supported by the European Union and the Green Climate Fund).This sovereign loan will be complemented by an investment grant tota...