The AfDB has approved a loan of $40 million to the Mozambique Rail and Port Authority (MRPA) to buy locomotive rolling stock for the Ressano Garcia railway line. The project is expected to improve households’ access to infrastructure through rail transport services while ensuring trade facilitation, job creation and skills transfer. The AfDB also intends to mobilise an additional $30 million from other lenders for this Mozambique railway project. Strengthening regional integration through Mozambique railwayThe project is expected to lead to a paradigm shift that will improve the corridor’s competitiveness and make it an economical logistics transport solution. The project is expected to improve the access of households to infrastructure through rail transport services.

Source: The North Africa Journal February 06, 2024 01:16 UTC