06.02.2024
Artikel Nummer: 48247
More African firms to gain access to railfreight
The African Development Bank (AFDB) will lend USD 40 million to the Mozambique Rail and Port Authority (CFM) to buy rolling stock for the Ressano Garcia railway line. The 88 km stretch is part of CFM's main corridor connecting the port of Maputo and the South African border.
The investment will improve logistics and lower transport costs, AFDB said. It is also expected to reduce road fatalities by shifting road traffic to rail, while increasing the number of private companies using freight services and ports.
Strategically located in southern Africa, Mozambique is a main logistics gateway for countries in the region’s interior, such as Zimbabwe, Zambia, Malawi, and Eswatini. (ben)