Islamic Bank gives 101 million to support Morocco's high speed train

The Islamic Development Bank (ISDB) will contribute $101 million to support the high-speed train in Morocco.

The agreement was signed yesterday by the Moroccan Ministry of economy and finance, the national railway Authority (ONCF) and the ISDB, reports Moroccoworldnews.The ISDB's three-year contribution, which the development of three high speed train stations (Casablanca Kenitra and Tangier) supports, is estimated at 101 million dollars and that's almost 88.5 percent of the total project cost ($114 million).

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high-speed train
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