Moroccan TGV: how the success of Al Boraq will finance your future journeys

The Minister of Transport and Logistics, Abdessamad Qayouh, specifies in a recent written parliamentary response that commercial revenues largely cover the costs. This dynamic generates a "surplus that contributes to the financing of the infrastructure" and boosts the local economic fabric.

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The National Railway Office (ONCF) thus honors all its financial commitments to suppliers, banks and the administration. The tax situation of high-speed operations remains perfectly in order, being fully integrated into the global declarations of the establishment. Commercial revenues up 92%

The success of this structuring project is based on three major axes. The ONCF relies on strict cost control, a flexible pricing policy adapted to the purchasing power of passengers, and the mobilization of sustainable financing on preferential terms.

The privileged use of national skills and clean energies makes it possible to considerably reduce maintenance costs. The ministry adds that this technical approach guarantees a transfer of skills while consolidating the environmental impact of the network.

On an accounting level, the revenues generated by Al Boraq have soared by 92%, evolving from 407 million dirhams in 2019 to 780 million in 2024. These revenues now represent 28% of the global turnover of the passenger activity.

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This commercial vitality is directly reflected in the gross operating result of the railway operator. This financial indicator recorded a strong increase of 95% over the same five-year period, from 995 million to 1.949 billion dirhams.