Compagnie de Transports au Maroc (or CTM) is a Morocco

Morocco

Morocco , officially the Kingdom of Morocco , is a country located in North Africa. It has a population of more than 32 million and an area of 710,850 km², and also primarily administers the disputed region of the Western Sahara...

 transport

Transport

Transport or transportation is the movement of people, cattle, animals and goods from one location to another. Modes of transport include air, rail, road, water, cable, pipeline, and space. The field can be divided into infrastructure, vehicles, and operations...

 company

Company

A company is a form of business organization. It is an association or collection of individual real persons and/or other companies, who each provide some form of capital. This group has a common purpose or focus and an aim of gaining profits. This collection, group or association of persons can be...

. It was established in 1919 and is thus the oldest Moroccan public transport

Public transport

Public transport is a shared passenger transportation service which is available for use by the general public, as distinct from modes such as taxicab, car pooling or hired buses which are not shared by strangers without private arrangement.Public transport modes include buses, trolleybuses, trams...

 company.

History

The company began as a private company before being sold to the Moroccan government after independence

Independence

Independence is a condition of a nation, country, or state in which its residents and population, or some portion thereof, exercise self-government, and usually sovereignty, over its territory....

 in 1956. In 1993, under the campaign of privatisation in Morocco

Morocco

Morocco , officially the Kingdom of Morocco , is a country located in North Africa. It has a population of more than 32 million and an area of 710,850 km², and also primarily administers the disputed region of the Western Sahara...

, the company was floated

Float (money supply)

In economics, float is duplicate money present in the banking system during the time between a deposit being made in the recipient's account and the money being deducted from the sender's account. It makes up the smallest part of the money supply....

 on the Casablanca Stock Exchange

Casablanca Stock Exchange

The Casablanca Stock Exchange is a stock exchange in Casablanca, Morocco. The Casablanca Stock Exchange , which achieves one of the best performances in the region of the Middle East and North Africa , is Africa's third largest Bourse after Johannesburg Stock Exchange and Nigerian Stock Exchange...

.

Corporate Information

The company's president is Mohamed Bouda. In 2009, CTM's revenue totaled 406 million dirhams.

CTM's European partners include Eurolines Belgium (Epervier), Eurolines France S.A, Deutsch Touring, SITA, Sadem, Lazzi (Eurolines Italy), CLP, Julia (Eurolines Spain), Linebus and Alsa.http://www.ctm.co.ma/ctm_index.htm#CTMenChiffres Currently CTM serves over 100 domestic destinations and more than 80 international destinations in Spain, France, Belgium, Italy, Germany and the Netherlands.http://www.ctm.co.ma/ctm_index.htm#CTMenChiffres