Morocco’s Railway Office (ONCF) transported 26.4 million passengers in the H1 of 2024, marking a 7% increase from the same period last year.
The passenger activity generated revenue of over 1.26 billion MAD, an 8% increase compared to June 2023.
the high-speed train “Al Boraq” transported over 2.6 million passengers in the first half of 2024, a 14% rise year-on-year.
In the freight sector, ONCF saw a 32% increase in volumes transported, reaching 9 million tons, driven primarily by a 68% rise in phosphate transport. Revenue from freight and phosphates grew by 23% to 815 million MAD.
Overall, consolidated revenue increased by 16% to over 2.55 billion MAD by the end of June, with social revenue rising by 12% to nearly 2.18 billion MAD.
Capital expenditures (CAPEX), focused on maintaining performance and improving service quality, amounted to 811 million MAD. The ONCF also reported a 4% reduction in debt to 41.9 billion MAD by June 2024 and is beginning a new development cycle with projects planned through 2030, including high-speed rail extensions, regional express networks, and new rolling stock acquisitions.
ONCF’s 2023 carbon footprint report shows a significant reduction in its carbon emissions, with a 20% decrease in greenhouse gas emissions despite increased rail travel.