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The document introduces Morocco's geography, noting its unique position as the only African country with both Atlantic and Mediterranean coastlines and a land border with the European Union. It outlines the country's political structure as a unitary semi-constitutional monarchy and details territorial disputes regarding Western Sahara and Spanish enclaves. Finally, it notes that Morocco faces severe climate change risks, specifically increasing temperatures and decreased rainfall.

The Natur'ELLES project in Senegal addresses fisheries challenges like overfishing and habitat loss by empowering women through data access, education, and leadership training. The project utilizes tools such as the Sustainable Asset Valuation (SAVi) analysis tool and a Google Earth Engine Mangrove Mapping app to monitor mangrove health and support nature-based infrastructure. Specific initiatives include 'mangrove platforms' for stakeholder dialogue, literacy classes for women, and a feminist leadership program to increase women's participation in natural resource decision-making, particularly in the Sine Saloum and Casamance deltas.

The report evaluates the 41.1 km Rabat bypass road project using the SAVi tool, simulating six risk scenarios and four externalities. It finds that the project is not financially viable based on its own revenues across all scenarios, with negative net present value and insufficient internal rate of return. However, the inclusion of externalities—specifically the value of time saved and the cost of accidents—significantly improves key financial indicators, demonstrating that traditional financial analyses underestimate the project's broader socio-economic value and the risks associated with reduced maintenance or climate change.

The report evaluates the 4.1 km Rabat bypass road, including the Mohammed VI bridge, using the SAVi tool to simulate six risk scenarios and four external factors. The analysis finds that the project is not financially viable based on its own revenues across all scenarios, as evidenced by negative Net Present Values (NPV) and insufficient Internal Rates of Return (IRR). However, integrating external factors—specifically the value of time saved and accident costs—significantly alters the cost-benefit analysis, demonstrating that conventional financial assessments underestimate the true risks and benefits of the infrastructure.

The document details the use of the SAVi methodology to evaluate the 4.1 km Rabat bypass road in Morocco, including the Mohammed VI bridge. By simulating six different scenarios—ranging from budget cuts in maintenance to climate change-induced road damage—the analysis demonstrates how integrating external factors like carbon costs, accident costs, and time savings alters the project's financial outlook. The results indicate that when these external factors are included, the project's integrated cost-benefit analysis shows net losses across all scenarios, suggesting it is not a robust investment.

The case study applies the Sustainable Asset Valuation (SAVi) tool to the 41.1 km Contournement de Rabat toll road in Morocco to evaluate how operational risks and externalities impact its financial performance. The analysis compares a 'Business as Usual' (BAU) scenario against five risk-based scenarios, including reduced maintenance, increased road works, traffic surges, and climate-related damage. The findings demonstrate that while conventional cost-benefit analysis (CBA) may show a profit, an integrated CBA including externalities—such as the cost of accidents and the social cost of carbon—often results in a net loss, indicating the project may not be a sound investment for debt or equity investors when these factors are internalized.