Global Arab Network | Morocco to invest $ 3 billion in railways expanding

Translate this article to your language:

GANPublications

e-Publications

Add Site to Favorites

Add Page to Favorites

Make Homepage

Share This Page

RSS Feed

--------------------------------------------------------------------------------------------------------------------
| |

Morocco to invest $ 3 billion in railways expanding

Thursday, 05 August 2010 19:38

Morocco (Rabat ) - Morocco's railways office (ONCF) will invest 3.8 billion dollars (33 bln dirhams) to fund its development program for 2010-2015, against 18 bln dirhams between 2005-2009.

The program provides for transporting 50 million travelers, and as much goods by 2015, says the office's 2009 annual report.

It noted that the 2005-2009 program was properly implemented and that 97% of the forecast projects were carried out, adding that about 30 million passengers were carried in 2009, versus 21 million in 2005.

It underlined that the average yearly tonnage transported between 2005-2009 reached 32 million tonnes, that is an annual growth of 3%.
(MAP)

Global Arab Network

< Prev		Next >

Add comment

The opinions of the authors in articles published are theirs alone and do not necessarily reflect the views of Global Arab Network
------------------------------------------------------------------------------
Published comments are the opinions of private individuals and do not reflect the views of Global Arab Network