Nacala Corridor

Background
In its 2012 annual report Vale stated:


 * "We are developing the Nacala Corridor, which will connect Moatize site to the Nacala-a-Velha maritime terminal, located in Nacala, Mozambique. In July 2012, our subsidiary Corredor Logıstico Integrado de Nacala (‘‘CLIN’’) entered into two concession agreements with the Government of Mozambique with respect to greenfield railways and a new coal port, which will form part of the Nacala Corridor. In December 2011, our subsidiary Vale Logistics Limited (‘‘VLL’’) entered into a concession agreement with the Republic of Malawi with respect to a 137-kilometer railroad to be built from Chikwawa to Nkaya Junction in Malawi.


 * These concessions in Malawi and Mozambique will allow for the expansion of Moatize and facilitate the creation of a world-class logistics infrastructure to support our operations in Central and Eastern Africa. We will invest in the capacity expansion of the Nacala Corridor through the rehabilitation of the existing railroads in Mozambique and Malawi, respectively owned by Corredor de Desenvolvimento do Norte S.A. (‘‘CDN’’) and the Central East African Railway Company Limited (‘‘CEAR’’), each a 51%-owned subsidiary of Sociedade de Desenvolvimento Corredor Nacala, SA (‘‘SCDN’’). We will also invest in the construction of railway links from Moatize to a new deep water maritime terminal to be built in Nacala-a-Velha through CLIN. We continue to consider partnerships for the utilization and potential future development of the Nacala Corridor."

Related SourceWatch articles

 * Mozambique and coal

External resources

 * CCFB, "Beira Rail Concession", Workshop on Large Project Finance, Maputo, Mozambique, February 7, 2008. (Powerpoint Presentation).