Moatize-Nacala railway and port project

Overview:

• Moatize-Nacala railway and port project.
• Corredor Logístico Integrado de Nacala - a joint venture between Mozambique state railway operator CFM (20%) and Brazilian mining firm Vale (80%) - is developing the railway line linking Mozambique with neighboring Malawi.
• The Nacala railway is a 912km line connecting the Moatize mine in Mozambique to the Nacala port in Malawi.
• The project also involves the development of a deep-sea port at Nacala. 
• Japan Bank for International Cooperation and the IFC have provided around $3 billion in financing for the project.
• In November 2017 Vale refinanced the project through securing a $2.73 billion debt financing.

Rani Mehta - Journalist