The Moroccan government has signed loan agreements worth $112.30 million with the African Development Bank (AfDB) to secure funding for the railway infrastructure projects being initiated by the National Railways Office (ONCF), said a report.

The funds will be used to boost the transportation line between Casablanca and Marrakech, and also improve the capacity and service quality on stations between Tangier and Casablanca to meet both the passenger and cargo traffic by 2020, reported the Morocco World News.

The agreements were signed by Yacine Fal, AfDB resident representative in Morocco, with Economy Minister Mohamed Boussaid and ONCF director general Mohamed Rabie Khlie, it stated.

Speaking at the signing ceremony, Boussaid lauded the country's ties with AfDB, underlining the diversity of the African bank-funded reform programmes and investment projects since the beginning of co-operation between the two parties in 1970.

The bank has 29 operations under way in Morocco amounting to €1.53 billion ($1.7 billion), said the report.