ADVERTISEMENT
Africanian
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
No Result
View All Result
Africanian
No Result
View All Result
Home Business

Morocco’s Minister of Transport and Logistics Mohamed Abdeljalil has announced the construction of Marrakech-Agadir high-speed rail (LGV).

The minister also stressed that the project requires a budget of MAD 50 billion ($5,38 billion), adding that the project’s development is dependent on the collective effort of stakeholders to finance it. 

in Business, News
Reading Time: 1 min read
1 0
0
Morocco’s Minister of Transport and Logistics Mohamed Abdeljalil has announced the construction of Marrakech-Agadir high-speed rail (LGV).
1
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

More

Unlocking Africa’s Potential for Sustainable Growth

Artificial Intelligence Set to Redefine Education in Africa

Top 5 Reasons to Be Optimistic About Africa

The project is part of the National Office of Railways (ONCF) plan to connect Moroccan regions with a network of medium and long-distance railways. The plan aims to build 1,300 km of new high-speed railways and 3,800 km of conventional railways that will connect 43 cities, the statement added.

Abdeljalil noted during oral questions at the House of Representatives that ONCF conducted preliminary studies for the project including a  topographic survey, Morocco’s state press agency reported.

The statement reported that the ministry and ONCF are studying all the possibilities available to finance the LGV project, including through a public-private partnership.

Between 2010 and 2020, ONCF invested more than MAD 50 billion ($5.38 billion) to expand Morocco’s railway network and increase its safety.

In 2021, Morocco’s National Railways Office has committed to invest MAD 7.7 billion ($829 million) to upgrade the country’s railways and train stations between 2022 and 2024.

Amid the ongoing COVID-19 crisis, ONCF reported a 193% debt ratio with a total debt of MAD 43 billion ($4.63 billion).

africanian

africanian

Africanian, an Africa news media portal.

  • Trending
  • Comments
  • Latest
China-Africa Relations: the continent's finest in the Middle Kingdom

China-Africa Relations: the continent’s finest in the Middle Kingdom

May 27, 2023
Tina Turner dies at 83

Tina Turner dies at 83

May 24, 2023
Shaping Africa’s Future –The Impact of Innovation Hubs

Shaping Africa’s Future –The Impact of Innovation Hubs

May 26, 2023
Unlocking Africa’s Potential for Sustainable Growth

Unlocking Africa’s Potential for Sustainable Growth

May 28, 2023
Artificial Intelligence Set to Redefine Education in Africa

Artificial Intelligence Set to Redefine Education in Africa

May 28, 2023
Top 5 Reasons to Be Optimistic About Africa

Top 5 Reasons to Be Optimistic About Africa

May 27, 2023
Africanian

Copyright © 2022 Africanian.com.

Follow Us

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

Copyright © 2022 Africanian.com.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.