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African Development Bank funds $40m upgrade to Mozambique’s key railway line

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<p><img src="https://biz-file.com/c/2402/726317-208x117.jpg?5" width="208" height="117" alt="The African Development Bank loan will enable CFM to buy 10 locomotives, 300 wagons, and 120 tank containers. Source: African Development Bank Group." align="left"><br><span >The African Development Bank loan will enable CFM to buy 10 locomotives, 300 wagons, and 120 tank containers. Source: African Development Bank Group.&lt;/span><p>African Development Bank (AfDB) is injecting a substantial $40m into the Mozambique Rail and Port Authority (CFM). This comprehensive overhaul of the Ressano Garcia railway line, a critical conduit from the bustling port of Maputo to the South African border, will help smooth transport minerals from the mining belt of north-eastern South Africa through the port of Maputo - the closest seaport.</p><br> <a href="https://www.bizcommunity.com/article/african-development-bank-funds-40m-upgrade-to-mozambiques-key-railway-line-012115a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=604&ct=1&ci=245727">Send to a friend</a></p><div style="clear:left"></div>

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