Mozambique/Malawi: Nacala corridor financing signed
Issue 359
- 07 Dec 2017
| 1 minute read
Brazil’s Vale SA and partner Japan’s Mitsui & Co Ltd have signed a $2.73bn project finance deal for the Nacala corridor rail and port project connecting the Moatize coal mine to Nacala port in Mozambique. Vale said in a securities filing the deal included a loan of $1.03bn from Japan Bank for International Cooperation and another $1bn from a syndicate of financial institutions.
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