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فبراير.كوم
Al-Khaleea Calls for New Finance to Boost African Railways
Mohamed Rabea El Khallai, Director General of the National Office of Railways, called for adopting innovative and sustainable funding sources to accelerate the development of railway infrastructure in Africa. He emphasized that Morocco has successfully developed its railway sector over the past twenty years, highlighting the importance of diversifying funding sources to realize major projects such as developing high-speed networks and traditional rail lines. He stressed the need to strengthen cooperation with international and African institutions to benefit from climate-friendly financing, particularly through carbon markets, which could support 10-20% of railway investments. This is in line with the plan to develop a continental railway network by 2063, a project that requires substantial investments and faces challenges in resource mobilization.
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