{"id":81907,"date":"2024-10-24T00:00:00","date_gmt":"2024-10-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/10\/24\/morocco-rolls-out-a-mad-9-78-bn-rail-expansion-strategy\/"},"modified":"2024-10-24T00:00:00","modified_gmt":"2024-10-24T00:00:00","slug":"morocco-rolls-out-a-mad-9-78-bn-rail-expansion-strategy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/10\/24\/morocco-rolls-out-a-mad-9-78-bn-rail-expansion-strategy\/","title":{"rendered":"Morocco rolls out a MAD 9.78 bn rail expansion strategy"},"content":{"rendered":"

Morocco\u2019s National Railways Office (ONCF) has rolled out a MAD 9.78 bn <\/strong>(c. USD 988.3 mn) railway development investment plan for 2025-2027<\/strong>, Morocco World News<\/a> reports, citing an EEP report accompanying the 2025 draft Finance Bill. The plan will disburse funds over several years \u2014 MAD 2.97 bn for 2025, MAD 3.64 bn for 2026, and MAD 3.17 bn for 2027 \u2014 to acquire new rolling stock, develop maintenance workshops, and enhance the kingdom\u2019s infrastructure maintenance. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

More about the plan: <\/strong>The investment plan will also extend the high-speed rail line (LGV) from Kenitra to Marrakech as well as establish a regional express network (RER) for Casablanca, Rabat, and Marrakech. A state-ONCF contract is in the works outlining the development plan and its financing framework. <\/p>\n

This is different from <\/strong>Morocco\u2019s Railway Strategy 2040<\/a><\/strong> which comprehensive long-term plan for the development of the national railway network, expected to cost MAD 87 bn (c. USD 8.5 bn).<\/p>\n

On the up and up: <\/strong>ONCF handled over 17 mn of goods, saw a 7% y-o-y increase driven by growth in passenger transport, and brought in MAD 4.35 bn in revenues last year, Morocco World News reports. The firm\u2019s revenues rose 12% y-o-y to MAD 2.18 bn in June 2024. The year-end projections anticipate an 8% y-o-y increase due to passenger transport growth. <\/p>\n

ONCF has an active pipeline: <\/strong>The European Investment Bank inked a technical assistance partnership agreement<\/a> with the office to strengthen climate resilience and develop an adaptation strategy for Morocco\u2019s railway network, and ONCF and Oman Rail also inked an MoU last year<\/a> to boost cooperation, develop partnerships, and exchange expertise. <\/p>\n

Rail fleet expansion has been on the radar: <\/strong>ONCF said it intends to invest USD 1.5 bn to acquire 168 trains in a tender in November last year<\/a>. Eighteen of the new trains will be allocated to the country\u2019s high-speed rail line and 150 will be used for urban transport services, including high-speed commuter and intercity trains. <\/p>\n","protected":false},"excerpt":{"rendered":"

The investment comes as part of ONCF\u2019s rail fleet expansion plans<\/p>\n","protected":false},"author":1,"featured_media":81908,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[296],"tags":[150,121,32],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-81907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rail","tag-morocco","tag-rail","tag-trade","wpautop","entry"],"acf":{"mongo_id":"703b7756-36fe-41dd-b855-5e9311e9f8a2","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/1966.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Morocco rolls out a MAD 9.78 bn rail expansion strategy","related_issue":[81897],"teaser":"The investment comes as part of ONCF\u2019s rail fleet expansion plans","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.df1b634f-e761-41d9-b030-cb5104b09a33.mp3"},"yoast_head":"\nMorocco rolls out a MAD 9.78 bn rail expansion strategy - 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