In a significant move to modernize national infrastructure, Morocco and the European Investment Bank (EIB) formalized financing agreements totaling €365 million this Tuesday in Rabat. These funds are earmarked for improving the safety and durability of the country’s rail and highway systems.

The first component of this financial package involves a €50 million loan from the EIB, complemented by a €15 million grant from the European Union. This investment is specifically directed toward the Office National des Chemins de Fer (ONCF) to support its railway rehabilitation initiative. The signing ceremony featured Lionel Rapaille of EIB Global, Mohamed Smouni of ONCF, and Daniele Dotto from the EU delegation, alongside Morocco’s Minister of Economy and Finance, Nadia Fettah, and EIB President Nadia Calviño.

A second major agreement was reached with the Société Nationale des Autoroutes du Maroc (ADM). This entails a €300 million EIB loan focused on the ADM highway resilience project, aimed at strengthening the national motorway network against various operational challenges.

A strategic partnership for sustainable mobility

During the event, Nadia Calviño emphasized Morocco‘s status as a vital strategic partner, noting its role as a pillar of stability and economic growth in the region. Minister Nadia Fettah highlighted the deep-rooted nature of this collaboration, which spans five decades of partnership and 20 years of a permanent EIB presence within the Kingdom.

The Minister noted that these new agreements represent a commitment to sustainable and modern mobility solutions, delivering tangible benefits to citizens through high-quality infrastructure. For nearly 50 years, the EIB has acted as a primary investment driver for the EU in Morocco, fostering economic development, social cohesion, and climate-focused initiatives.