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The African Development Bank (AfDB) Group and the Government of Morocco, today signed six loan and grant agreements amounting to €303 million (3.4 billion dirham). Morocco’s Economy and Finance Minister, Salaheddine Mezouar and AfDB Regional Director, Nono Matondo Fundani co-chaired the signing ceremony in Rabat. The agreements include a €300 million (3.4 billion dirham) investment loan to the national railway company Office National des Chemins de Fer (ONCF) to finance a major upgrade of the Tangier-Marrakech rail link. Read More
