Strategic investment for Moroccan transport networks
In a significant move to bolster national infrastructure, Morocco and the European Investment Bank (EIB) finalized financing agreements worth 365 million euros this Tuesday in Rabat. These funds are specifically earmarked for enhancing the security and durability of the country’s extensive road and rail systems.
The first arrangement involves a 50 million euro loan from the EIB, complemented by a 15 million euro grant from the European Union. This financial package is dedicated to the Office National des Chemins de Fer (ONCF) for a comprehensive railway rehabilitation project. The signing ceremony featured Lionel Rapaille, Deputy Director of EIB Global, Mohamed Smouni, Deputy Director General of ONCF, and Daniele Dotto from the EU delegation, with Nadia Fettah, Minister of Economy and Finance, and Nadia Calviño, EIB President, in attendance.
Enhancing highway and railway resilience
A second major agreement was reached with the Société Nationale des Autoroutes du Maroc (ADM). This involves a 300 million euro loan from the EIB aimed at the “ADM – Highway Resilience” project, designed to strengthen the national motorway network against various challenges.
During the event, Nadia Calviño emphasized that Morocco remains a vital strategic partner for the EIB. She described the Kingdom as a cornerstone of stability and growth for the entire region, highlighting its role as a key destination for EU investment.
Minister Nadia Fettah expressed her satisfaction with the enduring partnership, noting that the collaboration has flourished for five decades, including 20 years of a permanent EIB office in Morocco. She noted that these new 365 million euro agreements translate into concrete improvements for modern, sustainable mobility, directly benefiting the Moroccan public.
For nearly half a century, the EIB has acted as a primary investment partner in Morocco, supporting economic growth, social unity, and climate-focused initiatives across the nation.