Latest news with #MohamedRabieKhlie
Maroc
08-07-2025
- Business
- Maroc
Morocco Takes Part in World Congress on High-Speed Rail
The 12th UIC World Congress on High-Speed Rail opened on Tuesday in Beijing under the theme "High-Speed Rail: Innovation and Development for a Better Life," with Morocco taking part. Organized by the International Union of Railways (UIC), this flagship event will run through Friday, bringing together more than 3,000 experts and professionals from across the globe to exchange views on the latest technological innovations and future challenges in the field of high-speed rail transport. Morocco, which hosted the previous edition in Marrakech in March 2023, is represented at the congress by a delegation led by Director General of the Moroccan National Railways Office (ONCF), Mohamed Rabie Khlie, accompanied by Director General of the National Agency for Strategic Management of State Holdings (ANGSPE), Abdellatif Zaghnoun. On the sidelines of the congress, Khlie will also take part in the 106th General Assembly of the UIC, where Morocco holds the vice-presidency of the organization as well as the presidency of the Africa Region. Held every two to three years since 1992, the UIC World Congress on High-Speed Rail serves as the leading international platform for dialogue among rail industry professionals. The event provides an opportunity to assess global developments in high-speed rail and spotlight the sector's latest technological breakthroughs. This year's edition features a comprehensive program including plenary sessions, round tables, and parallel sessions addressing key topics such as planning, construction, technology, equipment, operational management, and rail safety. According to organizers, the Beijing edition will highlight China's achievements in the sector, notably its high-speed rail network, the largest in the world with over 46,000 kilometers in operation. MAP: 08 July 2025
Ya Biladi
12-02-2025
- Business
- Ya Biladi
Details on EBRD's 400 million dirham investment in Moroccan railway green bond
The European Bank for Reconstruction and Development (EBRD) has announced a MAD 400 million (€38.4 million) investment in a green bond issued by Morocco's national railway operator, ONCF. The investment is part of a larger MAD 2 billion (€192 million) green bond issuance aimed at refinancing ONCF's latest development projects. The bond issuance, completed on February 7, 2025, saw remarkable success with a 5.25 times oversubscription, attracting total demand of 10.49 billion dirhams. According to EBRD's official statement, the bank stands as the sole international investor in this bond, which will be aligned with the Land Transport Criteria of the Climate Bond Standards. The bond issuance comprises four tranches with maturities ranging from 15 to 30 years, offering both fixed and adjustable rates. The bond includes a guarantee from Tamwilcom, Morocco's state guarantee provider, and will be certified by the Climate Bonds Standard Board. The refinancing package will support several key initiatives, including network modernization and electrification, electric rolling stock upgrades, safety unit improvements, and transport planning system development. Additionally, a technical cooperation package will be implemented to establish a framework for future sustainability-linked loans and support ONCF's transition to International Financial Reporting Standards. ONCF CEO Mohamed Rabie Khlie emphasized that this second green bond issue demonstrates the company's dedication to sustainable development. This investment follows the successful 2022 partnership between EBRD and ONCF, which marked Morocco's first infrastructure sector green bond. Since becoming an investee economy in 2012, Morocco has received more than €5.2 billion in EBRD investments across 110 projects.
