French loan to help Morocco buy 18 fast trains ahead of World Cup

France will lend Morocco 781 million euros to finance the purchase of 18 high-speed trains made by Alstom, the French embassy in Rabat said on Friday. (AFP/File)

• The trains are part of a plan to extend the high-speed rail network
• Alstom will supply Moroccan state-owned rail operator ONCF, with Avelia Horizon double-decker trains

RABAT: France will lend Morocco 781 million euros to finance the purchase of 18 high-speed trains made by Alstom, the French embassy in Rabat said on Friday.
The trains are part of a plan to extend the high-speed rail network from Kenitra on the western coast to Marrakech before the 2030 World Cup that Morocco will co-host with Spain and Portugal.
Alstom will supply Moroccan state-owned rail operator ONCF, with Avelia Horizon double-decker trains that can carry 640 passengers with a speed of 320 km/h, the embassy said in a statement.
ONCF also aims to expand its network to double the number of cities it serves to 43, or 87 percent of the Moroccan population, by 2040.
In February, ONCF said it will also buy 150 trains under concessional loans from Spain and South Korea as it expands urban, intercity and high-speed rail networks.
South Korea’s Hyundai Rotem will supply 110 urban trains worth $1.5 billion, while Spain’s CAF will build 40 intercity trains for $813 million.
The deals include investments in the country’s nascent rail industry, ONCF said last month.