Project in figures: 550 km, 87 billion MAD, 5 years of works
The Al Boraq Marrakech-Agadir extension represents an investment of 87 billion MAD spread over 5 years of works (2026-2030). The 550 km line will connect the current Tangier-Casablanca-Marrakech line to Agadir, passing through Essaouira and the future Chichaoua center. Commercial speed: 320 km/h on 80% of the route. Projected travel times: Casablanca-Marrakech (existing) 2h10, Marrakech-Essaouira 0h45, Marrakech-Agadir 1h45, Casablanca-Agadir 3h55 (vs 7h currently in classic train with connection).
Multi-partner financing: Morocco 45%, AFD 22%, EIB 18%, Gulf funds 15%
Project financing rests on a multi-partner international structure: (1) **Moroccan public treasury** — 39 billion MAD (45%), via 2026-2028 treasury bond issuances and World Cup 2030 Plan budgetary allocations. (2) **French Development Agency (AFD)** — 19 billion MAD (22%), 30-year concessional loan at preferential rate 2.8%. (3) **European Investment Bank (EIB)** — 16 billion MAD (18%), 25-year loan rate 3.2%. (4) **Gulf sovereign funds** (PIF Saudi Arabia, Mubadala UAE, QIA Qatar) — 13 billion MAD (15%), via Morocco sovereign Sukuk issuance scheduled August 2026.
Real estate impact: 4 cities with strong appreciation potential
The TGV effect on real estate of served cities is documented internationally. For Marrakech-Agadir 2030, our projections: (1) **Essaouira** — projected gain +30-45% over 2026-2032. Diabat district (near future station) with strong potential, current prices 13,000-18,000 MAD/sqm, projection 18,000-25,000 MAD/sqm in 2032. (2) **Chichaoua** — total opening up. Current very low prices 3,500-5,000 MAD/sqm, projection 6,000-9,000 MAD/sqm in 2032 (x2 potential). (3) **Agadir** — Founty district (future station) gain +25-35%. (4) **Marrakech** — already valued Hivernage district, modest additional gain +10-15%.
Article based on official public data + wafir.ma expert sources. All cited statistics are verifiable with the mentioned organizations.
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