The Bank also plans to mobilize an additional $30 million for the project from other potential lenders. Target area and populationThe project will make it possible to purchase rolling stock for CFM’s main corridor, an 88-kilometre line between the port of Maputo and the South African border. The project will also significantly increase foreign earnings, which will grow from $225 million in 2022 to $360 million in 2036. During this period, the project is expected to bring the government a cumulative total of $1 billion in tax revenue. BackgroundStrategically located in southern Africa, Mozambique is arguably the main logistics gateway for countries in the region’s interior, such as Zimbabwe, Zambia, Malawi and Eswatini.
