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Morocco’s National Railways Office (ONCF) has rolled out a MAD 9.78 bn (c. USD 988.3 mn) railway development investment plan for 2025-2027, Morocco World News reports, citing an EEP report accompanying the 2025 draft Finance Bill. The plan will disburse funds over several years — MAD 2.97 bn for 2025, MAD 3.64 bn for 2026, and MAD 3.17 bn for 2027 — to acquire new rolling stock, develop maintenance workshops, and enhance the kingdom’s infrastructure maintenance.
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More about the plan: The investment plan will also extend the high-speed rail line (LGV) from Kenitra to Marrakech as well as establish a regional express network (RER) for Casablanca, Rabat, and Marrakech. A state-ONCF contract is in the works outlining the development plan and its financing framework.
This is different from Morocco’s Railway Strategy 2040 which comprehensive long-term plan for the development of the national railway network, expected to cost MAD 87 bn (c. USD 8.5 bn).
On the up and up: ONCF handled over 17 mn of goods, saw a 7% y-o-y increase driven by growth in passenger transport, and brought in MAD 4.35 bn in revenues last year, Morocco World News reports. The firm’s revenues rose 12% y-o-y to MAD 2.18 bn in June 2024. The year-end projections anticipate an 8% y-o-y increase due to passenger transport growth.
ONCF has an active pipeline: The European Investment Bank inked a technical assistance partnership agreement with the office to strengthen climate resilience and develop an adaptation strategy for Morocco’s railway network, and ONCF and Oman Rail also inked an MoU last year to boost cooperation, develop partnerships, and exchange expertise.
Rail fleet expansion has been on the radar: ONCF said it intends to invest USD 1.5 bn to acquire 168 trains in a tender in November last year. Eighteen of the new trains will be allocated to the country’s high-speed rail line and 150 will be used for urban transport services, including high-speed commuter and intercity trains.
