Morocco Shares Railway Modernization and Green Bond Experience at African Forum
What happened
At the Forum on Financing Railway Projects in Africa in Rabat, Morocco shared its railway transformation experience with the African Union Development Agency. Transport Minister Abdessamad Kayouh presented a $13.53 billion investment program to modernize the national railway network by 2030. Mohamed Rabie Khlie, Director General of the National Railway Office, cited the historic investment program exceeding €10 billion by 2030 and the success of Al Boraq, Africa’s first high-speed train. The experience included ONCF’s 2022 green bond issuance.
From moroccoworldnews.com
Why it matters
The event highlighted Morocco’s successful model for mobilizing resources for large-scale infrastructure through green bond issuance. The country’s plans include extending the high-speed railway line from Kenitra to Marrakech, demonstrating a major commitment to transport sector growth. The African Union Development Agency noted that Morocco’s experience offers important lessons for continental resource mobilization.
From moroccoworldnews.com
Who's involved
- MoroccoSovereign state that presented its railway modernization and investment plans.
- CDG CapitalMoroccan investment bank that participated in the green bond issuance forum.
- African Union Development AgencyAgency that received Morocco's experience regarding regional development and financing.
- TamwilcomGovernment agency that participated in the green bond issuance forum.
- ONCFNational railway operator of Morocco that outlined the major transformation and investment program.
- International Union of RailwaysInternational rail transport industry body whose regional president spoke at the forum.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- MoroccoSpeculative
The country might see increased investment in its transport sector, potentially boosting construction and related industries.
- ONCFSpeculative
The National Railway Office could see increased demand for its services as the network is modernized and expanded.
- CDG CapitalSpeculative
CDG Capital could see increased opportunities in large-scale African infrastructure financing through green bonds.
- AfricaSpeculative
The continent might see a blueprint for financing large-scale transport modernization projects.
Keep exploring
The entities involved
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Morocco
sovereign state in North Africa
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African Union Development Agency
The New Partnership for Africa's Development Agency (NEPAD) is the implementing agency for the AU's Agenda 2063 development strategy.
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