skip to Main Content
Morocco Expects Economic Dividends From High-speed Train

Morocco expects economic dividends from high-speed train

Morocco Expects Economic Dividends From High-speed Train

Casablanca, Morocco (PortSEurope) November 25, 2018 – Morocco’s launch of Africa’s first high-speed train (LGV) is set to have a significant impact on the country’s economy. Tangier will now be 2 hours, 10 minutes from Casablanca by train instead of almost 5 hours.

The $2.4 billion (€2.12 billion)  investment in the high-speed line, including 200 km of tracks and state-of-the-art train stations.

Economic expert El Mehdi Fakir said, “The LGV is linking Tangier to Casablanca, Morocco’s major economic and industrial cities, going through Rabat and Kenitra, which is an emerging industrial hub”.

“Doing business in Tangier will now become much easier from Casablanca thanks to the high-speed train as it was a painful journey to make because of the single railway line between Kenitra and Tangier,” Fakir added.

ONCF (Office National des Chemins de Fer) Director Mohamed Rabie Khlie said the new railway line would play a major role in expanding Tanger-Med, citing the example of French manufacturer PSA Group’s moving to Kenitra after obtaining guarantees from the government that the vehicles produced in the western city can be transported to Tanger-Med port.

PSA is the second largest French car manufacturer to have moved to Morocco after Renault, which set up its factory near Tanger-Med port.

The LGV project positions Kenitra as a major employment area with the ability to attract more foreign companies to set up businesses in the city.

Source: The Arab Weekly

Copyright (C) PortSEurope. All Rights Reserved. 2018.

Back To Top