Rail
Posted By OrePulse
Published: 28 Nov, 2025 07:20
AfDB, EIB lend Mauritania $275m for railway upgrade
Under the agreement, the AfDB will contribute $150-million and the EIB $125-million to modernise the railway linking iron ore mines in Zouerate, in northeastern Mauritania, to the Atlantic port of Nouadhibou, the lenders said in a statement.
The deal, guaranteed by the European Union, was signed on the sidelines of the Africa Investment Forum in Rabat, the statement added.
The financing will enable Mauritania's national industrial and mining company (SNIM) to rehabilitate the existing railway and build 42 km of new track to connect future mining sites at El Aouj and Atomai, it said.
It will also allow SNIM, the country's largest employer, to acquire locomotives, wagons and maintenance equipment, it added.
Related Articles
South Africa's Transnet to invest $7 billion in ra...
22 Oct, 2025 08:17
AD Ports unit to run UAE-Oman freight rail service...
27 Oct, 2025 08:54
Morocco’s Transport Minister Promises Railway Netw...
29 Oct, 2025 11:22
Angola seeks $4.5 billion for rail link to Zambia’...
31 Oct, 2025 08:03
How digital tools are powering the Middle East’s r...
06 Nov, 2025 09:14
Jordan, Syria and Turkey move ahead with plans to ...
10 Nov, 2025 10:14
Siemens unveils Velaro High-Speed train at TransME...
10 Nov, 2025 12:10
Why partner with UD Trucks South Africa for the Ni...
12 Nov, 2025 09:07
Hitachi Rail to modernise Egypt’s oldest tramway i...
13 Nov, 2025 11:00
AfDB supports Algeria’s Trans-Saharan railway push...
20 Nov, 2025 12:28Trending News
Energy Other
Egypt announces new oil output from Gulf of Suez field...
21 Jan, 2026 10:28
35 min read
Sea
AD Ports Group completes sale of warehouses to Mair Group for $80.38mln...
21 Jan, 2026 10:23
34 min read
Energy Other
Egypt, Germany mull boosting cooperation in energy domain...
21 Jan, 2026 10:18
33 min read