AfDB lends $40 mn to Mozambique for Maputo rail corridor - News Summed Up

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AfDB lends $40 mn to Mozambique for Maputo rail corridor


The 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. Project implementation will improve logistics and reduce the cost of transporting goods and products using cost-effective, efficient means benefiting from economies of scale. 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. The country's three main corridors offer relatively shorter corridor options over road and rail networks for transporting freight from neighbouring countries and providing access to world markets for exports and imports. The goods transported over these corridors are mainly raw and processed materials, agricultural products, containerized freight, and bulk liquids.


Source: The North Africa Journal February 05, 2024 09:51 UTC



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