Brazilian mining firm invests in Mozambique infrastructure

The road network of Mozambique is set to benefit from a major investment from a Brazilian mining company.
March 14, 2012 Read time: 1 min
The road network of Mozambique is set to benefit from a major investment from a Brazilian mining company. The firm, Vale, will spend US$691 million on the Nacala Corridor road project during 2012. This will provide a key link to the Moatize II coal mining project, on which it is spending a further $499 million. In all Vale has planned total investments of $4.44 billion on the Nacala Corridor and $2.07 billion on the Moatize II mining project.

Related Content

  • Mozambique connection
    April 20, 2012
    The authorities in Mozambique are planning to secure loans worth US$300 million from the Export Import Bank of China (Exim Bank). The loans will be used to finance construction of the Maputo Ring Road project. Equipment procurement is scheduled for the project during first six months of 2012. The ring road project will link Maputo to the Costa do Sol neighbourhood, leading to Marracuene district.
    Read More
  • €2.27bn UK road investment in 2014 to support over 9,500 construction jobs
    November 11, 2013
    Over 9,500 construction jobs will be supported in 2014 by more than €2.27 billion (£1.9 billion) of investment in Britain’s roads, Transport Minister Robert Goodwill announced today. The total investment in 209 schemes is €5.15 billion (£4.3 billion), with the €2.27 billion to be spent in 2014 more than twice the amount being spent this year. Due to either start or be completed in 2014, these road programmes are estimated to boost the economy by over €22.52 billion (£18.8 billion) and are part of a €119.8
    Read More
  • A major coal mine project in Indonesia will be connected with a new road link
    April 16, 2012
    A new road link will be constructed in Indonesia to connect a coal mine development. The 100km road forms part of a US$764 million development for the coal project, with the link being constructed by Citra Marga Nusaphala Persada, an Indonesian toll road operator in South Sumatra, Indonesia. Work on the road will commence in either the second half of 2012 or the first half of 2013. According to Operational Director of the firm, Hudaya Arryanto, the road is for supporting the coal mining industry, which is n
    Read More
  • New road links for Mozambique
    May 29, 2012
    Two new roads are now being built in Mozambique by Portuguese firm Mota Engil Engenharia. The total package is worth some US$148 million (€116 million). These two roads are the latest in a series of contracts Mota Engil Engenharia has won in Mozambique during 2010. The company is already carrying out some €165 million of work on road, bridge and other infrastructure projects.
    Read More

Highlighted Content