Friday, January 24, 2025
HomeEconomyMorocco Seeks $8.8 Billion to Expand Its High-Speed Train Network

Morocco Seeks $8.8 Billion to Expand Its High-Speed Train Network

Morocco’s state-owned rail operator, ONCF, is seeking $8.8 billion from investors to finance its high-speed train network expansion plan.

The country plans to extend its high-speed rail network to Marrakech before the 2030 World Cup and further south to Agadir. According to ONCF estimates, approximately 100 billion dirhams (around $10.2 billion) are needed to build this high-speed rail network.

- Advertisement -

On Friday, African Development Bank (AfDB) Director Akinwumi Adesina stated that “investors are ready to provide ONCF with more than the required amount, with financing offers reaching over $13 billion.”

Media sources report that the operator aims to extend its network to reach 87% of Morocco’s population by 2040. According to recent statements from Moroccan authorities, ONCF plans to construct 1,300 km of high-speed lines (LGV) and an additional 3,800 km of conventional lines, connecting 43 cities from the current 23.

Local media also noted that “the comprehensive plan includes connecting Morocco’s production hubs to 6 other ports to expedite the export of agricultural, livestock, and mineral products.”

The Choice of French Manufacturer Alstom

Last October, French media reported that Alstom had been selected by Morocco to supply Avelia Horizon trains (the same platform as the SNCF’s TGV M) for the Tangier-Marrakech line. This contract was reportedly negotiated during French President Emmanuel Macron’s visit to Rabat in October.

The same source indicated that “Alstom has been chosen to supply high-speed trains to ONCF,” although no details were disclosed since the final contract has not yet been signed. Alstom confirmed, “We are pleased to have been selected as the preferred bidder by ONCF for the high-speed train tender. Given that the tender process is still ongoing, we cannot provide further comments at this time.”

China, through the state-owned Zhong Neng Xuan Zong Industrial, also expressed interest in participating in the construction of the Marrakech-Agadir high-speed line. However, the diplomatic relations between France and Morocco, along with Alstom’s long-standing presence in the country, have played a key role.

For reference, France financially contributed 51% to the construction of Morocco’s first high-speed line (inaugurated in 2018 at a cost of โ‚ฌ2 billion), which runs from Tangier to Casablanca, through various loans.

- Advertisement -
Advertisement

Recent