By Shane McGinley
High speed rail project to link Casablanca and Tangier; funded by $100m loan from emirate
Construction has begun on an Abu Dhabi-funded $100m high speed rail project in Morocco, set to connect the cities of Casablanca and Tangier.
Building works on the project, which was financed by two loans of around $100m from the Abu Dhabi Fund for Development (ADFD), have been formally opened by Morocco’s King Mohammed.
The ceremony also saw the signing of the loan agreement by Mohammed Saif Al Suwaidi, acting director general of ADFD and Mohammed Rabie Al Khalie, director general of the National Railway Bureau in Morocco.
Established in 1971, the state-backed ADFD finances projects in developing countries. It has been involved in partnership with public and private companies in 53 countries and has awarded funding of around $3.4bn to date.