Morocco has Signed Funding Agreements for High Speed Railway Project

Morocco has Signed Funding Agreements for High Speed Railway Project
December 15, 2010 10:30 am

Morocco has signed five funding agreements for the proposed MAD20bn ($2.3bn) Tangier to Casablanca high-speed train project.

The nation signed two agreements for a €625m ($836.6m) loan from the French Emerging Country Reserve.
It will also receive $200m from the Saudi Fund for Development and $100m from the Abu Dhabi Fund for Development.
The final agreement is a purchase contract with French manufacturer Alstom to provide Morocco’s national railway company ONCF with 14 double-deck very high-speed train sets.
The state’s budget is offering MAD4.8bn ($578m) and Hassan II Fund for Economic and Social Development MAD1bn ($120m) for the project, along with France’s donation of €75m ($100m) and the $140m loan granted by the Kuwait Fund for Arab Economic Development.
Morocco will also receive loans by the French Development Agency for €220m ($294.4m) and the Arab Fund for Economic and Social Development ($100m).
The Tangier-Casablanca high-speed rail will be operational by late 2015. is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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