(MENAFN- Morocco World News) By Sana Elouazi Rabat - As Morocco's highways network is expanding, Autoroute du Maroc, the company managing highways, achieved a turnover of MAD 3.1 billion in 2016, compared to MAD 2.7 billion in 2015, thus registering an increase of 12 percent, indicates a report of the company's annual result of 2016. The Moroccan highway operator announced in its recent report that truck traffic, 1.6 billion vehicles per kilometer according to the company's estimates, generated MAD 0.9 billion in revenue, including taxes, showing an increase of MAD 104 million compared to 2015. This sum represents 31 percent of the company's revenue, while lighter vehicles accounts for 69 percent. Toll revenue collected by the end of 2016 grew by 12 percent, totalling 2.6 billion excluding taxes, the company said. Regarding the means of payment, the highway operator noted a 9.1 percent increase in the dematerialized payments, exceeding the average of 4 percent during the past five years in addition to the progressive generalization of toll payment services on the entire network that has reached 80 percent of the toll stations in 2016. According to the report, Jawaz, the electronic toll service counted 50,000 customers last year, while more than 42,000 new tags were sold in Morocco. The company explained this increase in revenues is due to the growing global traffic throughout its network, that reached 1,800 km of highways. In its contract with the government, the company has set a goal to build 50 kilometers of highways per year, as part of the National Road Program that includes building highways and connecting rural roads. According to Autoroute du Maroc, 60 percent of the population is now connected to the highway network, with 80 percent of industrial complexes and 76 percent of tourist zones served."
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.