Freight

Nacala investment package complete

By 2017-11-29T09:57:15

The first heavy haul coal trains began operation over the Nacala Corridor in 2015 and the line was formally inaugurated in May this year.

MOZAMBIQUE: Brazilian mining and steel group Vale has signed binding financial contracts which complete the investment structure for the Nacala Logistics Corridor. Announced on November 27, the deal covers US$1·03bn from Japan Bank for International Co-operation, a US$1bn loan insured by Nippon Export & Investment Insurance and a US$400m loan ...

Please sign in or register for free to view this page

 

Sub Advert

You have reached your limit of news stories for this month. Register for FREE to read this article and get:

  • Increased access to online news coverage from:
  • Railway Gazette International covering the global railway industry
  • Metro Report International covering the urban transport sector
  • Rail Business UK industry news for the British railway market
  • Weekly e-mail newsletters covering the sector(s) of your choice

Unlock access now

If you are already a registered user or a subscriber you can SIGN IN now