Headlines Morocco

Morocco to Undertake one Last Test in Feb 2018 before Launch of Africa’s First TGV

Africa’s first high speed train will be launched in Morocco in 2018 after conducting one last test next February, state-owned railway operator ONCF said. The latest tests were staged successfully at a speed of 320 km per hour earlier this week, ONCF said in a statement. The over 2 billion-dollar project has been in development […]

Finance Headlines Mauritania

France Loans Morocco €128 million to buy Locomotives

France granted a 128 million euro loan to fund the locomotives that Morocco’s national railway operator (ONCF) plans to purchase as part of its development program. The loan will boost the ONCF shift to electric railway in line with Morocco’s environmental commitment. ONCF posted a net profit of 223 million Dirhams in 2016, up 31% […]

Headlines Morocco

Moroccan Railways’ Net Profits hit 223 Million DH in 2016

Morocco’s state-owned railway operating company (ONCF) posted a net profit of 223 million Dirhams in 2016, up 31% compared to 2015. The company said in a statement that its turnover over the same period reached 3.7 billion DH with an added value of 2.5 billion DH and a self-sustainability of 273 million DH, 5.8% higher […]

Europe Headlines International Morocco

Casablanca-Tangier TGV to Start Operating in Summer 2018

Works to complete Morocco’s high speed train (TGV), the first in Africa, have reached a progress rate of 86% and the project is expected to be ready in summer 2018, said the director general of Morocco’s National Railways facility (ONCF) Mohamed Rabie Khlie. Khlie, who was speaking at a meeting on railway security co-held in […]

Features Headlines Morocco

Morocco’s TGV to be Ready in 2018

Morocco’s high-speed rail service, the first in Africa, is expected to be ready in 2018 with the progress of works reaching 85%, local media outlets reported. Operated by the Moroccan National Railways facility (ONCF), the Moroccan TGV will be launched in June 2018 linking at a first phase the cities of Tangier and Kenitra on […]

Business Headlines Morocco

Bombardier to Launch Rail Industry Cluster in Morocco

Bombardier, Canadian multinational aerospace and transportation company, is set to invest in a rail industry cluster in Morocco that will serve as a hub for boosting exports to the African market. The announcement was made by the Chairman of the Moroccan branch of Bombardier Transport, Taoufiq Boussaid, who stressed the pertinence of the new investment […]

Headlines Morocco

Morocco Gets $112.3 Million Loan from AfDB

Morocco’s railway authority received Wednesday a $112.3 million loan from the African Development Bank (AfDB) earmarked for doubling train tracks on the Settat-Marrakech route. The new deal signed in Abidjan, Côte d’Ivoire, will enable Morocco’s National Railway Authority (ONCF) to double train tracks on the 142 km-long Settat-Marrakech route; a project which will help boost […]