Mozambique - "Portos E Caminhos de Ferro de Moçambique EP (CFM)" - Prêt institutionnel

Portos e Caminhos de Ferro de Moçambique EP (“CFM”) the rail and port authority of Mozambique, is a Public Enterprise (“PE”) that oversees the railway system of Mozambique and its connected ports. CFM has approached the African Development Bank (“the Bank”) to contribute to the financing of its Strategic Plan (“thePlan”) for the period 2021 to 2024. The Plan entails a total investment of USD 978.7 million comprising of the capacity development of the ports (USD 469.4 million) and railways (USD 509.3 million). Of the USD 509.3 million investment for the railways, USD 136.9 million is earmarked for the acquisition of rolling-stock. The Bank has been requested to finance a portion of the rolling stock component with a senior corporate loan of up to USD 70 million (“the Facility”) to support CFM’s acquisition of rolling-stock for its major corridor, the Ressano Garcia Railway Line (“theProject”).