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African Development Bank to support

Mozambique rail project
22 December 2017 (Last Updated December 22nd, 2017 09:58)

African Development Bank has agreed to support the $5bn Nacala corridor rail and port project in Mozambique with a
$300m grant provided through its Private Sector Window.

Share Article African Development Bank has agreed to support the $5bn Nacala corridor rail and port
project in Mozambique with a $300m grant provided through its Private Sector Window.

The project will see the construction of a 912km rail line from the Tete province in the
western part of Mozambique through Malawi to the Port of Nacala on the country’s
eastern coast.

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10/9/2020 African Development Bank to support Mozambique rail project

It is also set to involve the construction of a deepsea port and associated terminal
infrastructure in Nacala.

African Development Bank Mozambique Country manager

Pietro Toigo said: “This project supports two of the High 5s
"This project can provide wider that guide the Bank’s contribution to the Sustainable
Development Goals in Africa.
benefits to Mozambique, Malawi
and Zambia, and allow “By providing a rail link across Mozambique and Malawi
Mozambique to fulfil its with a possible extension to Zambia it will help Integrate
ambition to be a regional Africa, and by opening up markets for agricultural
gateway to world markets." commodities it will help feed Africa.”

The Government of Mozambique has signed the deal for

the project’s development as part of a transaction that the
involved Japanese Bank for International Cooperation (JBIC), Nippon Export and
Investment Insurance (NEXI) and the Export Credit Insurance Corporation of South
Africa (ECIC), as well as other commercial banks.

Mozambican Minister of Transport Carlos Mesquita said:  “This project can provide
wider bene ts to Mozambique, Malawi and Zambia, and allow Mozambique to ful l its
ambition to be a regional gateway to world markets.”

Coal exports are set to increase by 40% in the next year once the rail network becomes
completely operational, providing crucial foreign earnings to the Mozambique economy.

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