African Development Bank invests 405M euros in Morocco railway update
Morocco and the African Development Bank have signed two agreements totaling €405 million aimed at supporting human capital development and strengthening railway infrastructure in the kingdom. The first agreement, worth €205 million, funds a project to improve the railway infrastructure between Kenitra and Marrakech by extending the high-speed rail line, thereby enhancing mobility between regions and increasing logistical competitiveness. The second agreement, amounting to €200 million, focuses on financing the “Cape Skills 2030” program, which seeks to improve the quality and relevance of vocational training in alignment with the labor market, while also increasing opportunities for youth and women to benefit from training and enhancing their chances of employment. These projects underscore Morocco’s commitment to developing its human resources and upgrading its infrastructure, with expectations of creating jobs and supporting sustainable growth.
Notice: This Is an AI-Generated Summary
Comments (0)