First Independent Mena Newspaper
Morocco has successfully established itself as a leading economic hub for Africa through strategic investments and active economic diplomacy, according to African Union Commission President Mahmoud Ali Youssouf. Speaking at a ceremony in Addis Ababa celebrating the 26th anniversary of King Mohammed VI’s accession to the throne, Youssouf highlighted Morocco’s transformative role in continental development. […]
Morocco’s ONCF has chosen France’s Alstom, Spain’s CAF, and South Korea’s Hyundai Rotem as manufacturers of its tender to buy 168 trains, including high-speed, intercity and urban trains. The new trains will help ONCF renew its existing fleet and accommodate for traffic growth, the rail operator said in a statement. It also added that the […]
The European Bank for Reconstruction and Development injected 38.4 million euros-via a green bond issuance- in Moroccan rail operator ONCF, as the latter expands its network. “Issuing the bond will partially refinance the debt from ONCF’s latest development round designed to modernize and electrify the network; acquire and upgrade electric rolling stock; address safety units […]
The European Investment Bank (EIB) and the Office National des Chemins de Fer (ONCF) have signed on Wednesday a €200 million (2.1 billion dirhams) financing contract, which represents 80% of a total sum of €250 million earmarked by the European financial institution to support ONCF’s investment plan. The ONCF’s investment plan aims to renew the […]
The African Development Bank (AfDB) has earmarked €300 million for the Moroccan Railways Office (ONCF), that financed the project meant to increase the capacity of the Tangier-Marrakech railways axis, said the AfDB in a press release. Thanks to this financing coupled with technical assistance, the AfDB supports the modernization of the railways sector in Morocco […]
More than 100 senior officials representing 13 African railway companies are taking part in a training session organized by Moroccan national railway operator, Office National des Chemins de Fer (ONCF). The four-day training, which started on Monday, is part of the action plan set out by the International Union of Railways (UIC) for Africa Region, […]
Morocco’s national railway operator (Office National des Chemins de Fer) has chosen French Alstom company to ensure the maintenance of new-generation PRIMA M4 electric locomotives. An agreement was signed Wednesday by the two partners. It comes after the contract won by Alstom Morocco in 2018 for the supply of 30 locomotives. Since then, fifteen PRIMA […]
The restrictive measures to slow the outbreak of the coronavirus ensued revenue losses estimated at $600 million for five Moroccan state-owned enterprises. These include flag carrier RAM, which loses up to $100 million per month, national electricity and water utility with $44 million, airports agency with $30 million, rail operator ONCF with $28 million and […]
Morocco’s national railway operator ONCF has received lately the first of 30 Prima M4 locomotives being manufactured by the French Alstom company under a €130 million deal concluded in 2018 between the two sides. The Prima M4 locomotives have a nominal power of 5.5 MW. The maximum running speed is 160km/h. Being electric, the M4 […]
French train manufacturer Alstom has won a €130 Mln contract awarded by Moroccan National Railway Operator ONCF for the purchase of 30 electric Prima locomotives. The ONCF had launched in March 2017 an international tender for this project. Alstom pledges to ensure service and maintenance of the 30 Prima M4 locomotives after their delivery. The […]