The Board of Directors of the National Office of Railways in Morocco (ONCF) met under the presidency of Mohamed Boussaid, Minister of Economy and Finance and Minister of Equipment, Transport and Logistics, to set the budgets of the ONCF for the year 2017.
Accordingly, the ONCF budget for the year 2017 was approved. It forecasts a rise of 3.3% for passenger railways and 2.3% for freight-logistics, according to ONCF. As for investments, the allocation allocated for this financial year amounts to MAD 7.13 billion (USD 708 million), of which 29% is reserved for the LGV project (the Casablanca—Tangier high-speed rail line) and 71% for the continuation of the modernization of the conventional network.
Photo: http://www.moroccoworldnews.com
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