The Kingdom of Morocco has finalized agreements totaling €365 million with the European Investment Bank (EIB) to bolster the resilience and safety of its rail and road transportation networks. The signing ceremony took place in Rabat, marking a significant step in the country’s infrastructure development.
rail and road upgrades backed by eu funding
Under the first agreement, the EIB will provide a €50 million loan, complemented by a €15 million grant from the European Union, to support the national railways operator ONCF in rehabilitating its rail infrastructure. This investment is set to enhance operational efficiency and passenger safety across Morocco’s rail network.
The second agreement focuses on highway resilience, with the EIB committing €300 million to the national highways authority ADM. These funds will be directed toward modernizing and reinforcing Morocco’s motorway system to better withstand climate-related challenges and heavy traffic demands.
long-standing eu-Morocco partnership strengthened
At the signing event, the EIB President highlighted Morocco’s pivotal role as a strategic partner for the EU, emphasizing its contribution to regional stability and economic growth. The minister of Economy and Finance underscored the depth of cooperation, noting that the partnership spans five decades, with the EIB maintaining a constant presence in Morocco for over 20 years.
The new financing agreements reflect a commitment to sustainable mobility, with projects designed to deliver tangible benefits to Moroccan citizens while aligning with broader climate and connectivity goals.
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