Train and rail upgrade may cut road traffic by as much as 40% South Africa’s mines are increasingly using Maputo to export
The biggest port in Mozambique that’s become a key hub for global chrome exports will upgrade a railway link, bolstering a planned $2 billion capacity expansion.
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The African Development Bank is financing the purchase of $40 million of locomotives and wagons and another $30 million is under consideration from the Development Bank of Southern Africa for improvements on the line that connects the Port of Maputo with South Africa, according to the AfDB. The DBSA declined to comment.
Source: Bloomberg
