CFM to invest 70 million dollars in the purchase of 10 locomotives and 420 wagons

The Chairman of the Board of Directors of Caminhos de Ferro de Moçambique (CFM) revealed that an Indian and a Chinese company will this year boost CFM's traction capacity by supplying ten locomotives and 420 wagons, respectively.

Quoted by NewsAgostinho Langa Jr. said that the tender for the acquisition of the rolling stock closed last year.

Of the 420 wagons, 300 will be used to transport ore and the remaining 120 tanks will be used to transport fuel.

CFM hopes to count on the support of the African Development Bank (AfDB) to secure the 70 million dollars needed for the project.

"As long as we haven't closed the deal with this financial institution, we're moving forward and, as I said, we've already closed the tender and the winners have been selected," he said.

The company is expected to make the first disbursements while negotiations with the ADB continue. And according to the deadlines suggested by the manufacturers, the ten locomotives with an additional power of 10% should arrive from India between April and May, and the 420 wagons from China in October or November.

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