Morocco Invests 7.7 Billion Dirhams in Railway Upgrades Over 3 Years

This investment, contained in the report on public establishments and enterprises (EEP), is spread over 2022 with 2.9 billion DH, 2023 with 2.22 billion DH and 2024 with 2.6 billion DH and will be mainly dedicated to the rehabilitation of the infrastructure and the renewal of the rolling stock, specifies the note published on the website of the Ministry of Economy and Finance.

This program is part of the implementation of the new contract with the State, currently being finalized, which should establish the foundations for consolidating the ONCF model and define the appropriate financing plan to accelerate the development of the railway sector in terms of land use planning and strengthening connectivity between regions and the country’s major economic hubs.

This comes after the memorandum of understanding signed on July 25, 2019 between the State and the Office, aimed at modernizing the railway sector, the same source said, adding that as of the end of June last year, the ONCF achieved a turnover (CA) of more than 1.6 billion DH for a forecast closing of the year 2021 of 3.34 billion DH.