$2.7bn Nacala logistics corridor financing signed
In:
Metals and Mining, Transport
Region:
Middle East & Africa
Brazilian miner Vale and Mitsui have signed a $2.73 billion project financing for the Nacala logistics corridor - a railway system connecting the Moatize coal mine to the Nacala port in Mozambique.
The 14-year debt comprises a $1.03 billion direct loan from JBIC; a $1 billion...
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