ADB grants 393 million dollars to Morocco to increase capacity on the Tangier-Marrakesh rail line
24 December 2010
Morocco has received a loan of 393 million dollars from the African Development Bank (ADB) to finance a vast railroad infrastructure project.
The aim of the works is to increase the capacity of the rail line between Tangier and Marrakesh, linking the South to the North and East of the country.
This line has in fact undergone a massive increase in traffic in recent years, as a result of the socio-economic, cultural and touristic dynamism displayed by these two conurbations, reports the MAP press agencies.
"This project will contribute to an increase in the frequency of trains and noticeably reduce the travel time between Tangier and Marrakesh, starting from 2016" said Gilbert Mbesherubusa, director of Infrastructures at the ADB.
At a total cost of 574 million dollars, this renovation and modernization project will also facilitate the expansion of tourism and trade and therefore stimulate the growth of the Moroccan economy.