The railway in Mozambique’s Nacala Corridor will soon receive US$3 million in investment to increase its capacity to transport coal mined in Moatize, Tete, said Tuesday in Maputo the spokesman for the Council of Ministers.
Mouzinho Saide said that of that amount US$1.9 million will be invested in Mozambique and the remaining US$1.1 million in Malawi, whose territory is crossed by the line linking Moatize to the port of Nacala, in Nampula province.
The spokesman said the Cabinet approved a direct agreement between the government of Mozambique, as the granting authority and the railway and port concessionaires of the northern region, including the Northern Development Corridor and Nacala Integrated Logistics Corridor.
“The agreement does not create any financial obligation by the government to funders, as the logistics operation’s risks are the responsibility of the concessionaire and its promoters, namely Brazil’s Vale and Japan’s Mitsui & Co,” said the spokesman, quoted by daily newspaper Notícias. (macauhub/MZ)