The European Bank for Reconstruction and Development (BERD) participates in the local Green Bond emission of the National Railway Office (oncf). The European institution has invested a maximum amount of 400 million DH (38.4 million euros) in the second problem of the green bond in the Moroccan rail sector after its successful participation in the first program of the ONCF (1. Operation in Operation in Operation (1 . The infrastructure sector in Morocco and that of mobility in Africa)
The bond emission is used to part of the debts in connection with the latest UCF development cycle in connection with the modernization and electrification of the network, the recording and improvement of the electrical rolling shares as well as installation safety and the sub-stations as well as the acquisition The development and integration of transport planning systems, said Berd in a press release. As a reminder, the bank is the only international investor in this obligation, which is brought into harmony with the terrestrial transport criteria of standards in relation to climatic obligations, as verified by a second part and certified by the Council of Climate Obligations. The obligation will also benefit from a guarantee of the national guarantee company and the financing of the company (Tamwilcom).
The projects that are refinanced support the transition from oncf to electrification, better energy efficiency and reduction in greenhouse gas emissions and at the same time promote the modal transition to a more respectful means of transportation. In addition, the bed investment is accompanied by a technical aid program. The latter will contribute to the establishment of a framework for a possible loan in connection with sustainability and thus facilitate the future participation of the OnCF in environmentally friendly financial products. The program also includes support in supporting the transition from the oncf for the use of IFRS standards.
EMG
