The Islamic Development Bank (IDB) will contribute USD 101 million of financing to support the high-speed train program in Morocco following the agreements signed between the Moroccan Ministry of Economy and Finance, the National Railway Authority (ONCF) and the IDB.
The IDB’s three-year contribution, which supports the development of three high-speed train stations (Casablanca Voyageurs, Kenitra and Tangiers), is estimated at USD 101 million, almost 88.5 % of the overall project for the high speed train stations estimated at USD 114 million.
This contribution will finance the development of the urban area around these stations, ONCF managing director, Mohamed Rabie Khlie said.
The „signing of these agreements will complete the high-speed program at the remaining stations that will be operational by summer 2018”, IDB Regional Director in Rabat, Sidi Mohamed Taleb, added.
Share on:
