The National Office of Railways (ONCF) has reported a significant uptick in activity during the first half of 2024. The number of passengers transported reached 26.4 million, marking a 7% increase compared to the same period in 2023. This growth generated over 1.26 billion dirhams in revenue from passenger services, up 8% year-on-year. The high-speed train “Al Boraq” played a key role in this success, transporting more than 2.6 million passengers, an impressive 14% increase.
Freight transport also experienced substantial growth, with volumes transported rising by 32% to reach 9 million tonnes. This boost was largely driven by the transport of phosphates, which surged by 68%. As a result, revenue from freight and phosphate transport grew by 23%, totaling 815 million dirhams.
Overall, ONCF’s consolidated revenue increased by 16%, exceeding 2.55 billion dirhams. Capital expenditures (CAPEX) amounted to 811 million dirhams, primarily allocated to maintaining performance and improving service quality. The Office’s debt decreased by 4%, standing at 41.9 billion dirhams as of the end of June 2024.
In addition to these financial achievements, ONCF published its 2023 carbon footprint report, revealing a 20% reduction in greenhouse gas emissions, despite a significant increase in passenger numbers. The Office plans to continue its development with major projects through 2030, including the extension of the high-speed rail line, the expansion of the regional express network, and the acquisition of new rolling stock.
