A total of US$150M of new investment has been promised for the Mozambique port of Nacala and the railway connecting it to Malawi, to serve both container and dry bulk traffic.
Corredor de Desenvolvimento do Norte (CDN), which holds a concession to operate the port and railway, is to use the money to modernise both facilities over the next five years in an effort to fulfil its concession obligation to boost trade and encourage economic development along the Nacala Corridor....
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This complete item is approximately 200 words in length, and appeared in the October 2009 issue of WorldCargo News, on page 6.
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