The European Investment Bank granted EUR 365 million to Morocco to modernise its railways.

Omissions

• The €365 million is a combined transport package covering road AND rail networks, not railways alone: press reports indicate ~€300 million goes to motorways/roads, while the rail component (ONCF Railway Rehabilitation) is a €50 million EIB loan plus a €15 million EU grant.
• The MEP's phrasing 'to modernise its railways' attributes the entire amount to railways, whereas the railway-specific share is a minority of the package.
• Source timing: the agreements were signed in late June 2026 (before the 2026-07-06 session), so the MEP could have known about them.

Sources

• PrimaryEuropean Investment Bank — press release (EIB President Calviño in Morocco)As the financing arm of the European Union, the EIB announced €365 million in investments in Morocco's transport sector. These operations will strengthen the resilience and security of road and rail networks.
• SecondaryMorocco World NewsMorocco and the European Investment Bank (EIB) signed financing agreements worth €365 million on Tuesday in Rabat, directing the funds to strengthen road and rail networks. The first agreement covers a €50 million EIB loan, paired with a €15 million EU grant, to finance the 'ONCF – Railway Rehabilitation' project.
• SecondaryRailwayProThe European Investment Bank is providing Morocco with EUR 365 million in financing to strengthen its road and rail transport networks.
• SecondaryAgenzia NovaThe European Investment Bank announces a €365 million transport package for Morocco. Specifically, €300 million has been granted to the [road/motorway sector].