Morocco - Railway Restructuring Project

Document of The World Bank Report No. 15988-MOR STAFF APPRAISAL REPORT KINGDOM OF MOROCCO Railway Restructuring Project November 26, 1996 Private Sector Development, Finance and Infrastructure Operations Division Maghreb and Iran Department Middle East and North Africa Region  CURRENCY EQUIVALENTS Currency Unit = Dirham (DH) DH 1 = US$0.12 US$1 = DH 8.5 FISCAL YEAR July I - June 30 WEIGHTS AND MEASURES Metric system British/US system 1 meter (m) = 3.28 feet (ft) I square meter (m2) = 10.76 sq. ft GLOSSARY OF ABBREVIATIONS AND ACRONYMS B billion CIIPEP Comite interministerielpermanent des entreprises publiques (Interministerial Committee of Public Enterprises) GOM Government of Morocco M million MED Ministry of Economic Development MT Ministry of Transport OCP Office cherifien des phosphates (National Company of Phosphates) ONCF Office national des chemins defer (National Railway Company) ONT Office national des transports (National Transport Office) PSO Public Service Obligation SOE Statement of Expenditure Vice President: Kemal Dervi