CTM Suspends Dividend Payout Amid Revenue Decline, Preserving Cash
11 June 2020
The Ordinary General Meeting (AGO) of the Compagnie de Transports au Maroc (CTM) unanimously decided not to distribute dividends for the 2019 fiscal year.
Rail transport
Morocco’s High-Speed Rail Service Halted by COVID-19 After Record-Breaking Year
6 June 2020
The coronavirus has had a negative impact on Al Boraq, the Moroccan TGV, which has been at a standstill since March 23, 2020. The company is going through a lean period after a (…)
Morocco Pushes Forward with High-Speed Rail Expansion to Agadir Despite Pandemic
11 May 2020
Despite the health crisis that Morocco is experiencing due to the coronavirus, major construction projects continue. This is the case, for example, of the high-speed line (LGV) (…)
Morocco’s Railway Maintains Vital Freight Transport During State of Emergency
25 March 2020
The National Railway Office (ONCF) does not intend to suspend the transport of goods during the confinement period. It intends to remain in harmony with the instructions of the (…)
Morocco’s High-Speed Rail Expansion: Marrakech-Agadir Line Inches Forward
12 March 2020
The project of a TGV line between Marrakech-Agadir is progressing slowly, after the speech of King Mohammed VI, delivered on November 6 last. This is at least what a technical (…)
Morocco Advances Plans for High-Speed Rail Station in Agadir
9 March 2020
Things are taking shape for the construction of a TGV station in Agadir. Proof of this, the expropriation procedure for the land to host the infrastructure has been initiated.
Morocco Plans $400 Million Investment in New Suburban Rail Network
21 February 2020
The Moroccan government wants to invest nearly 4.2 billion dirhams as part of the launch of its suburban rail network.
Rabat-Salé Tramway Hits 273 Million Passengers, Sees Record Daily Ridership
19 February 2020
Since its commissioning in May 2011, the Rabat-Salé Tramway has transported more than 273 million passengers. According to data published by the company, the network records an (…)
Casablanca Expands Public Transit: New Tramway Lines to Ease Traffic Congestion
18 February 2020
The new tramway lines in the city of Casablanca will soon be a reality. Casa Transports has just given the green light for the construction work of these lines, the (…)
World Bank Lends $100 Million for Casablanca Tramway Expansion Project
20 January 2020
The Casablanca-Settat region will sign, on Thursday, January 23, a loan agreement of 100 million dollars with the International Finance Corporation (IFC), a subsidiary of the (…)