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Africa,Financial,Fleet,Freight African Development Bank,CFM,Mozambique,New
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AFRICA

February 5, 2024
Written by Mark Simmons



LATEST NEWS


REGIOJET GEARS UP FOR PRAGUE COMMUTER SERVICES LAUNCH

December 4, 2024 | Commuter Rail


ONTARIO PROPOSES FUNDING DEAL TO SUPPORT TORONTO TRANSIT

December 4, 2024 | Financial


FIRST BRITISH OPERATORS TO RETURN TO PUBLIC OWNERSHIP

December 4, 2024 | Policy


FURTHER CONTRACT AWARDS FOR MOROCCO’S KÉNITRA - MARRAKECH HIGH-SPEED LINE

December 3, 2024 | High-speed


EC APPROVES €1.9BN GERMAN STATE AID PACKAGE TO DB CARGO

December 2, 2024 | Freight



ADB FUNDS NEW TRAINS IN MOZAMBIQUE

African Development Bank will lend $US 40m to Mozambique Ports and Railways for
new locomotives and rolling stock.
Photo Credit: CFM

THE African Development Bank (ADB) approved a $US 40m loan to state-owned
operator Mozambique Ports and Railways (CFM) for the acquisition of new
locomotives and rolling stock on January 31.

CFM plans to purchase 10 2.4MW diesel-electric locomotives, 300 covered wagons
and 120 tank wagons. The loan includes a three-year maintenance and staff
training contract for the locomotives.

The new fleets will run on CFM’s main line, the 88km Maputo Corridor that links
the port of Maputo with the South African border, and are expected to lead to a
significant modal shift from road to rail.

The Maputo Corridor, also known as the Ressano Garcia line, is used mainly for
the transport of bulk minerals, including magnetite, ferrochrome, chromium ore
and coal, from the mining belt of northeast South Africa to the port of Maputo.

CFM expects to purchase the new fleets this year.

ADB believes that the additional freight capacity they will provide will
significantly increase national export income to $US 360m by 2036, up from $US
225m in 2002, and will generate $US 1bn in tax revenue for Mozambique.

For more details of fleet procurement in Africa and across the globe, subscribe
to IRJ Pro.

Categories: Africa, Financial, Fleet, Freight

Tags: African Development Bank, CFM, Mozambique, New trains



MORE ON THIS STORY

 * HUAWEI SUPPLIES FRMCS TO MOZAMBIQUE PORTS AND RAILWAYS
   
   August 25, 2023




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