The Kingdom of Morocco has finalized two landmark financing agreements totaling €365 million with the European Investment Bank (BEI), aimed at bolstering the resilience and safety of its road and rail networks. The agreements were formally signed in Rabat, marking a significant commitment to sustainable mobility and long-term infrastructure enhancement.
record investment in rail and highway modernization
Under the first agreement, the BEI will provide a €50 million loan, complemented by a €15 million grant from the European Union, to fund a major rehabilitation project for the national rail operator, ONCF. This initiative is designed to upgrade critical rail infrastructure, improve operational efficiency, and support the integration of advanced safety and climate-resilient technologies across Morocco’s rail corridors.
The second agreement involves the national highways authority, ADM, with the BEI committing €300 million to strengthen the country’s highway network. The funding will be allocated to critical resilience projects, including the reinforcement of bridges, tunnels, and drainage systems, ensuring uninterrupted connectivity and enhanced protection against extreme weather events.
strategic partnerships and shared vision
During the signing ceremony, BEI President Nadia Calviño emphasized Morocco’s pivotal role as a long-standing strategic partner of the European Union and the BEI. She highlighted the Kingdom’s contribution to regional stability and economic prosperity, describing it as a cornerstone of sustainable development in North Africa.
The Moroccan Minister of Economy and Finance, Nadia Fettah, echoed this sentiment, underscoring the depth of cooperation between Morocco, the EU, and the BEI. She noted that these agreements represent five decades of collaborative investment, with the BEI maintaining a permanent presence in Morocco for over 20 years. The minister described the new funding as a tangible demonstration of a partnership that delivers measurable benefits for citizens, driving progress in sustainable mobility and modern infrastructure.
a legacy of investment and forward momentum
With nearly half a century of partnership, the BEI has established itself as a key investor in Morocco, playing an instrumental role in fostering economic growth, social cohesion, and climate action. The latest funding underscores the continued commitment to building a resilient and interconnected transport network, positioning Morocco as a leader in regional infrastructure development.
