Modernizing Morocco’s infrastructure: A €365 million boost
In a significant move to enhance the durability and safety of national transport links, Morocco and the European Investment Bank (EIB) have finalized financing agreements totaling €365 million in Rabat. These funds are specifically earmarked for strengthening the country’s rail and highway systems against modern challenges.
The first component of this financial package involves the Office National des Chemins de Fer (ONCF). This agreement features a €50 million loan from the EIB, complemented by a €15 million grant from the European Union (EU), aimed at a comprehensive railway rehabilitation project. The signing ceremony involved key officials including Lionel Rapaille of EIB World, Mohamed Smouni representing ONCF, and Daniele Dotto from the EU delegation, with oversight from Finance Minister Nadia Fettah and EIB President Nadia Calviño.
Strengthening the highway network
A second major agreement was reached with the Société Nationale des Autoroutes du Maroc (ADM). This involves a substantial €300 million loan from the EIB dedicated to the ADM highway resilience project, ensuring that the nation’s primary road arteries remain safe and efficient.
During the event, EIB President Nadia Calviño highlighted Morocco’s status as a vital strategic partner. She noted that the Kingdom serves as a cornerstone of stability and economic growth for the entire region, making it a priority for EU-backed investments.
Minister of Economy and Finance Nadia Fettah echoed these sentiments, celebrating the deep-rooted cooperation between Morocco, the EU, and the EIB. She pointed out that this relationship spans five decades, with the EIB maintaining a permanent presence in Morocco for the last 20 years.
A commitment to sustainable mobility
“These new agreements represent a concrete investment in modern, sustainable mobility,” Fettah remarked. She emphasized that the €365 million injection will deliver tangible benefits to citizens by improving transport reliability and safety across the Kingdom.
For nearly half a century, the EIB has acted as a primary investment catalyst in Morocco. Its ongoing support continues to drive economic development, foster social cohesion, and advance climate-conscious infrastructure projects throughout the country.
