NewsMorocco will invest more than 13.4 billion dirhams in...

Morocco will invest more than 13.4 billion dirhams in the railway

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The National Railways Office (ONCF) has planned an investment of more than 13.4 billion DH during the period 2023-2025.

This investment will be dedicated mainly to the rehabilitation of the infrastructure and the renewal of the rolling stock, indicates a note published by the management, which specifies that 3.43 billion DH will be devoted to the acquisition component while 2.55 billion will be used to rehabilitate its infrastructure and upgrade signage.

In this sense, consultations have been initiated between the State and the Office with a view to defining the institutional and economic model capable of guaranteeing the optimal development of the sector by reconciling the objectives of infrastructure development and the modernization of operations. railway, underlines the note.

The ONCF aims through this program to perpetuate the model of the establishment and to clean up its financial situation characterized by a debt exceeding 43 billion dirhams, indicates the same source. At the end of last June, the investments made amounted to 1.28 billion dirhams, i.e. an achievement rate of 52%, while the forecasts for the end of the year are counting on an amount of 1.8 billion dirhams.

The Moroccan Blog
The Moroccan Blog
The Moroccan Blog is an English based newsblog dedicated to Morocco. You can find here all news from Morocco across a variety of topics: Arts & Culture, Economy & Business, Lifestyle, Moroccan Sahara, MRE, Society, Tourism & Travel and more.

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