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

  • China looks to the future with major highway plans
    February 15, 2012
    China is still moving ahead with plans that will give it the world's biggest highway system. Patrick Smith reports. As China's economy grows even more, keeping the country on the move has become a priority for the government. While the country has made great strides over the past decade in improving its infrastructure, the number of vehicles has also increased rapidly, and in some instances restrictions have been placed on them.
    Read More
  • Corridor 10 project in Serbia may be delayed
    April 2, 2013
    A series of challenges are now facing the project to construct Serbia’s key Corridor 10 highway. The EU has asked the Serbian Government for details of the priority plan and deadlines for the completion of the Corridor 10 highway. At present three sections of Corridor 10 are at risk, due to delays and financing issues. These are the Ciflik-Pirot stretch, the Bancarevo tunnel and the Vladicin Han section. According to Serbian roads company Koridori Srbije, the construction schedule will be set by the end of
    Read More
  • Algeria is investing in more highway infrastructure
    August 21, 2013
    Algeria’s Public Works Ministry has announced it plans to build new expressway connections to the country’s East-West highway. These expressways will link the Algeria’s ports to the East-West highway, with the aim of reducing congestion and improving traffic flow. A US$373 million expressway measuring 30km long will link the port of Skikda with the East-West highway, with construction work due to start in September 2013. Larger still, a 111km highway will be built linking Djendjen port to Algeria’s East-Wes
    Read More
  • Financing has been assured for a key road upgrade in Mozambique
    July 16, 2013
    Financing for a road project in Mozambique is being provided by a bank in India. The Exim Bank of India is proving a line of credit worth some US$147.7 million for the road upgrade project. Mozambique is seeing steady investment in its infrastructure and this latest project will improve transport links in the country.
    Read More

Highlighted Content