The African Development Bank Lends $40 Million To The Mozambique Rail And Port Authority To Buy Rolling Stock For The Ressano Garcia Railway Line
The African Development Bank has approved a $40 million loan to the Mozambique Rail and Port Authority - Portos e Caminhos de Ferro de Moçambique EP (CFM), to buy rolling stock for the Ressano Garcia railway line. CFM is set to procure 10 -3000/3300 horsepower diesel-electric locomotives, 300 wagons, and 120 tank containers.