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Madrid denies Moroccan rail loans are grants

By , based on TelQuel

Madrid denies Moroccan rail loans are grantsThis Photo was taken by Timothy A · CC BY-SA 4.0

The Spanish government denies that funding for Moroccan railway projects consists of grants to buy Spanish trains. The money is made up of repayable loans conditional on the purchase of equipment from Spanish companies, TelQuel reports, amid controversy in Spain.

Spanish funding for railway projects in Morocco consists of repayable loans, not grants, Madrid has said, according to TelQuel. The loans are conditional on the purchase of equipment from Spanish companies.

The funding has fuelled controversy in Spain following the rail accident at Urda, according to TelQuel. Reports had presented the sums earmarked for Morocco’s railways as non-repayable aid.

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