AFD supports Casablanca tramway company with €100 Mln loan - News Summed Up

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AFD supports Casablanca tramway company with €100 Mln loan


The Casablanca tramway company announced on Monday it secured a €100 million loan from the French Development Agency (AFD) for the building of two new lines (T3 & T4) to improve public urban transport in Morocco’s biggest city. The AFD financial support to the expansion of Casablanca Tramway network also includes a €500,000 grant to promote the use of a clean and low-carbon mode of transportation. In 2012, the French agency provided the Moroccan company with €23 million funding for the construction of the first line of the tramway. It was followed five years later by another contribution of €30 million for the building of the second line. The T4 line, also a 14km-long tram line, is expected to be completed by 2022.


Source: The North Africa Journal November 03, 2020 10:07 UTC



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