Browsing: Nacala-a-Velha

Transport A train on the Nacala Logistics Corridor. Photo: Mitsui
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Mozambique and Malawi on Friday signed an accord to smooth the passage of trains running on the new rail line from Tete province to the port of Nacala - a key requirement to allow Vale and Mitsui’s $2.7 billion financing package for the Nacala Logistics [...]

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Transport Locomotives on the Nacala line. Photo: CDN
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The International Finance Corporation (IFC), part of the World Bank group, is planning to lend $265 million to Vale and Mitsui’s Nacala Logistics Corridor project in Mozambique - however the companies are still more than $2 billion short of their funding [...]

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Economy A map of northern rail concessions. © CDN
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Mozambique’s state-owned rail and ports company plans to sell its entire stake in the Nacala Logistics Corridor, the rail line running from the coal-rich district of Moatize in Tete province, to a new coal terminal at Nacala-a-Velha on the coast of Nampula [...]

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