In a major move to bolster the nation’s infrastructure, Morocco and the European Investment Bank (EIB) have finalized financing agreements totaling 365 million euros. These funds are earmarked for improving the durability and safety of the country’s extensive road and rail systems, ensuring a more reliable transit experience for the population.
Strategic investments for rail and road safety
The initial phase of this financial package involves a 50 million euro loan from the EIB, supplemented by a 15 million euro grant from the European Union (EU). This capital is dedicated to the National Railways Office (ONCF) for a comprehensive railway rehabilitation project. The agreement was formalized in Rabat by Lionel Rapaille of EIB Global, Mohamed Smouni from ONCF, and Daniele Dotto representing the EU delegation in Morocco.
Furthermore, a significant 300 million euro loan has been granted to the National Company of Motorways in Morocco (ADM). This specific funding is focused on enhancing the resilience of the national motorway network against various operational challenges. The signing ceremony was attended by the Minister of Economy and Finance, Nadia Fettah, and the President of the EIB, Nadia Calviño.
A half-century of cooperation
During the event, Nadia Calviño highlighted that Morocco remains a vital strategic partner for the EIB. She emphasized the kingdom’s essential role as a driver of investment and a factor of stability and growth across the region. Nadia Fettah echoed these sentiments, noting that the partnership spans five decades, with the EIB maintaining a permanent presence in Morocco for the last 20 years.
This latest 365 million euro commitment is designed to support tangible improvements in modern, sustainable mobility. By investing in these transport networks, the partnership aims to deliver practical results for citizens while addressing climate action and social cohesion goals. These projects reflect a long-standing relationship that continues to produce concrete benefits for the development of Morocco.
