Morocco gets extra loan of 40 million for TGV

Morocco has an extra loan of forty million dollars from the Abu Dhabi Development Fund (ADFD).

This is requested for the financing of the high speed line between Tangiers and Casablanca. Tuesday, the contract was signed as part of COP22 Earth Summit. Mohamed Balhas, Minister of economy signed the contract along with ADFD-Director Saif Al Suwaidi. In a statement to the country that the agreement encourages Balmaceda set FOLDER to the fight against climate change and reducing greenhouse gas emissions.

The TGV project is also created in order to connect the two main economic centers of Morocco and to strengthen the infrastructure in Morocco. The economic dynamics in the country should get a boost as a result. Morocco has a total of 124 million dollars borrowed for the mega project.