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.
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more