Zenata-Kenitra rail link contract covers infrastructure works for third track
Moroccos national railway authority ONCF has issued a tender for the construction of a section of the planned third railway track linking the city of Zenata and Kenitra.
The tender covers work between Mohammedia and KM30 and forms part of the wider investment programme to increase the capacity of the Tangier-Marrakech railway line.
Technical and financial bids are due to be submitted by 28 November. A site visit will take place on the 12 November.
Increased rail capacity is needed to meet Moroccos anticipated growth in demand for freight transportation capacity, particularly given the increasing amount of shipping traffic passing through the port of Tangier.
Financing for the project was secured from the African Development Bank in December 2010. The bank lent the ONCF a five-year investment loan of 300m ($406.7m). Total project costs amounted to 438.2m, with the remainder of the funds to be raised by the rail authority.
You might also like...
Rainmaking in the world economy
19 April 2024
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.