Record Revenue Forecast for 2025

ONCF: Projected Revenue Exceeding 5 Billion Dirhams by 2025

The National Office of Railways (ONCF) anticipates a total revenue surpassing 5 billion dirhams in 2025, bolstered by the ongoing growth in passenger transport and the remarkable dynamism of its freight and phosphate activities.

According to the statement issued following the Board of Directors’ meeting held Thursday in Rabat, presided over by the Minister of Transport and Logistics, Abdessamad Kayouh, the year 2025 represents a significant phase in the implementation of the new development cycle for Moroccan railways.

A Rapidly Expanding Passenger Service

With nearly 56 million passengers expected in 2025, ONCF forecasts record performance. Among these, 5.6 million will take the high-speed Al Boraq train, generating an estimated revenue of 2.9 billion dirhams.

This growth reflects the increasing appeal of rail travel, supported by network modernization and continuous service improvement.

Freight: Sustained Momentum

Phosphate traffic shows notable growth, with 13.9 million tons transported and projected revenues exceeding 1.2 billion dirhams.

Freight activity, on its part, is expected to surpass 9 million tons of goods transported, contributing approximately 710 million dirhams to total revenue.

Ambitious Forecasts for 2026

The 2026 budgets, presented by ONCF’s General Director, Mohamed Rabie Khlie, align with the Royal High Orientations and aim to accelerate growth in the railway sector.

• 58.5 million expected passengers (+4%)

• 24 million tons in freight and phosphate transport

• 9.5 million tons of goods

• 14.5 million tons of phosphates

• Estimated revenue of 5.4 billion dirhams (+7%)

A Historic Investment Program

The year 2025 is expected to close with investments exceeding 18 billion dirhams, while 2026 anticipates 23 billion dirhams, marking the acceleration of the new national railway cycle.

These investments revolve around major projects, including:

• The extension of the high-speed line to Marrakech,

• The acquisition of new trains,

• The construction of next-generation stations,

• The development of regional networks,

• The comprehensive modernization of existing infrastructure.

These efforts are part of a broader program worth 96 billion dirhams initiated on April 24, 2025, under the impetus of His Majesty King Mohammed VI.

An ESG Strategy at the Core of Moroccan Rail Transformation

Aligned with this new investment cycle, ONCF is deploying an ambitious ESG strategy aimed at enhancing its sustainable performance and maximizing its positive impact on communities and territories.

A Railway Sector in Transformation

During this session of the Board of Directors, Minister Abdessamad Kayouh praised the remarkable evolution of Moroccan railways, which have become a strategic pillar of sustainable mobility and a significant lever for national socio-economic development.

General Director Mohamed Rabie Khlie reminded attendees that 2025 marks the official launch of the largest investment program ever undertaken by ONCF.

In conclusion, the board members congratulated all teams for their commitment to a modern, inclusive, and sustainable mobility model.