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FINANCIAL NEWS
Morocco allocates $2.25b for railway project
22 May 2010
(MENAFN) The Moroccan Railway Office (ONCF) said that it has earmarked $2.25 billion for the Casablanca-Tangier high speed train (TGV), Morocco Business reported.
This project is part of ONCF’s 2010-1015 program-contract, signed with the state earlier this year, which provides for the realization of a development plan worth $3.69 billion.
When operational in 2015, the new train will reduce travel time between the two cities by half, from 4 hours and 45 minutes to 2 hours and 10 minutes. Construction works will start in June.
According to the transport minister, the number of train passengers between the two cities, now at 2 million a year, will surge to 8 million passengers.
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12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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