Although in operation since late last year, the Nacala Logistics Corridor was officially launched earlier this month by the consortium formed by the Brazilian mining company Vale, the Japanese multinational Mitsui, and Mozambique’s public-owned port and rail company, CFM.
The US$4.4-billion corridor, in which Vale is the largest shareholder, includes a 912-kilometre-long railway running from Moatize, across southern Malawi, and eventually reaching the new mineral port at Nacala-a-Velha, on the coast of the northern province of Nampula.
Speaking at the inauguration ceremony, Brazilian Foreign Minister Aloysio Ferreira said the new corridor would increase the productivity of the Moatize coal industry, reduce trade costs, and lead to the emergence of other investments.
