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Morocco-AfDB Sign $112.30 Million Loan on Railway Infrastructure | Morocco World News
Another project supported by the African Development Bank will support better rail transportation services in Morocco:
Morocco and the African Development Bank (AfDB) signed, on Friday in Rabat, loan and guarantee agreements totaling 112.30 million dollars related to the project of reinforcing the railway infrastructure of the National Railways Office (ONCF).
The guarantee agreement related to the said project was inked by Economy Minister Mohamed Boussaid and Yacine Fal, AfDB resident representative in Morocco, said the Economy Ministry in a statement.
This agreement is aimed at contributing to increase the railway transportation offer between Casablanca and Marrakech, and improve the capacity and service quality in stations between Tangier and Casablanca to meet the needs of goods and travelers traffic by the year 2020, it added…[FULL STORY]