ONCF railway company secures US$362m from AfDB

MOROCCO – The African Development Bank (AfDB) has provided €300 million (US$362.43m) for the Moroccan railway company ONCF, to contribute to the financing of the Moroccan rail network. The focus is on projects that increase the transport capacity of people and goods on the economically important axis Tangier – Casablanca – Marrakech, according to a press release by the AfDB. With this funding, combined with technical assistance, the AfDB supports the modernization of the rail sector in Morocco and contributes to improving the mobility of the population and the logistical…

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