The National Office of Railways (ONCF) has announced a significant milestone, with its total revenue reaching 1.024 billion dirhams (MMDH) by the end of March 2024, marking a 13% increase compared to the same period last year.
According to an ONCF statement, passenger traffic continues its upward trend, while freight transport shows notable improvement at the beginning of this year. The number of passengers transported in the first quarter was 12.7 million, showing a slight increase from the same period in 2023 and generating passenger revenue of 581.5 million dirhams (MDH).
Moreover, 4.3 million tonnes of goods were transported, representing a 12% increase compared to 2023. This growth is largely attributed to the robust recovery in phosphate transport, which surged by 32%.
Freight transport revenue for the first quarter amounted to 391 million dirhams, a 13% improvement over the same period in 2023.
Regarding capital expenditures (CAPEX), ONCF reported spending 321 million dirhams, primarily focused on maintaining performance, service quality, and modernizing the railway network.
Additionally, ONCF highlighted ongoing efforts to control debt trajectory, with total debt standing at 43.4 billion dirhams by the end of March 2024, showing a reduction from the previous year.
