Alstom signs agreement with Morocco for development of the rail network
11 January 2011
A partnership agreement in the domain of rail transport was signed January sixth in Agadir between the French group Alstom and Morocco.
It relates to a total investment of 1.1 billion dollars over the next ten years for development projects in the Moroccan railway sector, with a particular policy of purchasing from railway companies already established in Morocco.
The group is committed to acquiring equipment for European assembly plants for rolling stock and railway equipment at a total cost of 700 million USD.
It will also invest in a new industrial unit which will produce more than 400 million USD in exports.
Finally, the agreement includes the installation in the country of remote computer support activities.
"This project will create 250 jobs by 2015", pointed out minister Ahmed Reda Chami to the MAP press agency. "What's more, the country could have a new industrial activity with close to 5,000 jobs".