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.
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