Highlights

Signing ceremony of the financial protocol between the Moroccan Government and the French Government for the financing of the acquisition of locomotives by the (ONCF) : 22/12/2017

Signing ceremony of the financial protocol between the Moroccan Government and the French Government for the financing of the acquisition of locomotives by the (ONCF)

Mr. Mohammed BOUSSAID, Minister of Economy and Finance, and Mr. Jean-François GIRAULT, Ambassador of France in Morocco, signed, December 22nd 2017 the financial protocol between the Moroccan Government and the French Government on a loan amounting to 128,1 million euros for the financing of the acquisition of locomotives by the Moroccan National Railways (ONCF),

Were present during the signing of this agreement, Mr. Mohamed Rabie KHLIE, Director General of the (ONCF). This protocol is aimed at setting up a concessional financing to accompany the (ONCF) strategy of renewing the electric traction fleet and the modernization of the locomotive fleet to better meet the needs of users.

During this event, Mr. BOUSSAID stressed the excellent quality of cooperative relations linking Morocco and France and focused on France efforts to accompany our country in the implementation of various economic and social development programs.

On the other hand, Mr. GIRAULT stressed the valuable and rich Morocco- French cooperation and the France's commitment to develop the remarkable partnership between both countries.

Finally, Mr. BOUSSAID and Mr. GIRAULT reaffirmed their common will to further strengthen the bilateral economic and financial cooperation.