 | This article needs to be updated. Please help update this article to reflect recent events or newly available information. (March 2012) |
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| Company type | société anonyme |
|---|---|
| Industry | road management |
| Genre | public services |
| Founded | 1989 |
| Headquarters | Rabat, Morocco |
| Area served | country |
| Key people | Karim GHELLAB , CEO Khalid SBIA, CFO |
| Services | toll-roads |
| Operating income | 1.086 Million dirhams |
| Net income | 22 Million dirhams |
| Owner | see list investors |
| Number of employees | 597 |
| Website | www.adm.co.ma |
| Footnotes / references Chamber of commerce #29175, valid for 99 years | |
The Société Nationale des Autoroutes du Maroc (ADM) is Morocco's national authority for the management of over 1400+ km of Moroccan expressways. 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 dramatically 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 generally open for national and international bidders.
Recently completed roads
Two projects were completed in the last years:
- Fes-Oujda expressway - 320 km road built between 2007 and 2011 Total actual investment: 10800 MDH
- Marrakech-Agadir expressway- 223 km road built between 2006 and 2010 Total actual investment: 6025 MDH
- widening the Casablanca-Rabat expressway from 2 x 2 to 2 x 3 lanes
- Berrechid- Beni Mellal expressway - built between 2010 and 2015
- Rabat Ringroad - built between 2011 and 2016
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 (Approximately 610 million Euro)
Management
The board of directors of ADM is formed by real men and representatives of major investors:
| name | title | other/main function |
|---|---|---|
| Karim GHELLAB | President | Min. of Transport and Equipment |
| Abdeljebbar YOUSSEFI | member | General Secretary Department for Equipment |
| Hicham N'HAMMOUCHA | member | Director for roads and traffic |
| Mouhcine ALAOUI | member | Director of technology |
| Khalid SBIA | member | Min. of Economy and Finance Chief financial officer head of infrastructure |
On top of these board-members, major stakeholders have also a representative in the board
| Stakeholder | represented by | role/occupation |
|---|---|---|
| Hassan II fund for Economic and social development |
Rachid ROUASS | manager operations |
| Treasury | Abderrahmane SEMMAR | Directorate of Public Enterprises and Participation |
| Kuwaitt Investment Fund | Walid Fayssal ALFAHID | Director Moroccan affairs |
| National Port Authority | Mohamed Jamal BENJELLOUN | Director Nat. Port Authority |
Above list is not complete and is based on the Annual Report 2007.
Toll revenues
The main income for ADM are the toll-revenues. The figures over the past years are:
| Item | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|
| Toll income | 1.164 | 1.004 | 754 | 616 |
| other revenues | 92 | 82 | 56 | 64 |
| Total | 1.256 | 1.086 | 810 | 681 |
Over 2007 ADM collected 1004 MDH in toll (direct pay at booths and season tickets) and 82 MDH in other revenues (2006:254 MDh resp. 56 MDh). Due to increasing traffic and opening of more (new) toll-roads the income from toll has nearly doubled since 2004 (534 MDH)
Historical figures show a steady growth, starting in 1991 at 46 MDh, 118 in 1995, 342 in 2000 and 640 in 2005.
The top-3 earners are: (2007 and 2006 figures)
- Casablanca-Rabat - 306 MDh (252 MDh)
- Rabat-Tanger - 269 MDh (212 MDh)
- Casablanca - Marrakech - 219 MDh (117 MDh)
Revenues are used to pay for companies management (28%), interest and other financing costs (47%) and partial repayment of loans (25%)
Daily management
Besides developing new roads and manage these projects, daily operation of existing motorways is also a very important responsibility of the company. This includes daily and major maintenance, promote road-security and collect toll-revenues
Workforce
The company employs 597 people, and this total is quite stable over the past years. This figure includes only ADM's own workforce: many more Moroccan and foreign people are working on the ongoing building-projects, but these work for the contractors or subcontractors. The percentage of female personnel at the end of 2007 is 8% (at 47 female against 550 male).
Road safety
One of the goals of ADM is to increase road-safety in Morocco starting on their own roads. ADM reports details on serious accidents. A serious accident is an accident with at least one injured or killed person. The four reported figures are:
- serious accidents
- serious accidents with one or more people killed
- number of serious injured people
- number of killed people
All these figures are reported in absolute numbers as well as in relation to the total number of traveled distance on their motorways. This number is reported per 100 million travelled kilometer.
| Type accident | 2007 | 2008 | % change | ||
|---|---|---|---|---|---|
| serious accidents | 799 | 1026 | +28,4% | ||
| fatal accidents | 94 | 115 | +18% | ||
| rate per 100 mln km. | 3,0 | 3,2 | +8% | ||
| serious injuries | 558 | 703 | +21% | ||
| is per 100 mln km. | 17,7 | 19,8 | 11% | ||
| deaths | 134 | 145 | +8% | ||
| is per 100 mln km. | 4,2 | 4,1 | -4% | ||
Figures 2006 and 2007
The information over 2006 and 2007 are based on the safety-reports on the ADM website in 2008. When comparing these figures with the 2007 data as reported in 2009 (the 2008 year-report) the numbers don't match. Therefore, it is difficult to compare the newest numbers with the old 2007 and 2006 statistics. The previous reported details are used for the tables and information below. In 2007 762 accidents with casualties were reported, a 5% increase on 2006. The accident-rate per 100 million traveled kilometers dropped by 20% from 30,2 to 24,1 between these years, but the total number as well as rate of deaths didn't go down.
A breakdown of these figures:
| Type accident | 2006 | 2007 | % change | notes | |
|---|---|---|---|---|---|
| serious accidents | 726 | 762 | +5% | is accident with serious inj. or deaths | |
| rate per 100 mln km. | 30,2 | 24.1 | -20% | ||
| fatal accidents | 74 | 86 | +16% | is accident with at least one death | |
| rate per 100 mln km. | 3,1 | 2,7 | -12% | ||
| serious injuries | 480 | 535 | +11% | ||
| is per 100 mln km. | 20,0 | 16,9 | -15% | ||
| deaths | 90 | 127 | +41% | ||
| is per 100 mln km. | 3,7 | 4,0 | +7% | ||
See also
External links
- ADM website in (in French)
References
All statistical figures and financial data from ADM website
- Figure March 2008 source: ADM Pressrelease Tanger Expressway Archived 2008-08-03 at the Wayback Machine
- ADM Website projects Berrechid-Beni Mellal Archived 2012-02-04 at the Wayback Machine, (French), visited 17 March 2012
- Pressrelease on ADM website: ADM investira 6,684 MMDH en 2008, visited 22 August 2008
- PDF version of ADM's Annual Report Archived 2011-07-20 at the Wayback Machine, visited 3 August 2008
- ADM website over Financial data Archived 2010-04-13 at the Wayback Machine, visited 5 May 2009
- Footnote: including Casablanca bypass
- ADM website on key figures Archived 2008-08-07 at the Wayback Machine, visited on 4 Augustus 2008
- Financial data Archived 2010-04-13 at the Wayback Machine on ADM website, visited 22 August 2008
- Official safety figures Archived 2012-03-08 at the Wayback Machine as reported by ADM, visited 3 August 2008
| Highways in Morocco | |
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| Autoroutes | |
| National routes | |
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 Economy of Morocco | |||||||||||||
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