The African Development Bank has provided a $40 million loan to Mozambique's rail and port authority, Portos e Caminhos de Ferro de Moçambique (CFM) for rolling stock. The project includes purchasing locomotives, wagons, and tank containers, contributing to economic growth, job creation, and environmental benefits by reducing carbon emissions. This initiative is part of Mozambique's strategic plan to boost its role as a logistics gateway in southern Africa.
The project focuses on enhancing the Ressano Garcia railway line's capacity, a key transportation route linking Mozambique and South Africa. It supports Mozambique's strategic position as a logistics hub in southern Africa, offering shorter transport routes for neighbouring countries' exports and imports.
The loan will be used to purchase 10 diesel-electric locomotives with 3000/3300 horsepower, 300 wagons, and 120 tank containers.