Sarkozy signs 2 bln dollar trade, military deals with Morocco

0 Comments | AFP, October, 2007

MARRAKESH, Morocco (AFP) — France signed more than two billion euros (2.8 billion dollars) of civilian and military contracts with Morocco on Monday during a state visit by French President Nicolas Sarkozy.

Top among them was a draft accord for the construction of a high-speed TGV train between the cities of Tangiers and Casablanca, according to Sarkozy's entourage.

About half of the estimated construction cost of 2 billion euros would go to French group Alstom, maker of the high-speed TGV train, as well as French rail operator SNCF and network manager RFF.

Alstom has previously only exported the TGV to South Korea outside of Europe.

The first section between Tangiers and Kenitra should go into operation in 2013, with the line expected to slash the...

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