Brazilian company to build $1B railroad in Malawi

December 5, 2012 @ 8:42 am

BLANTYRE, Malawi (AP) - Malawi plans to break ground on a $1 billion new railway line in the country to ferry both passengers and minerals through the nation.

A statement from the president's office Wednesday said the line would be built by Brazilian mining company Vale SA. Vale currently has operations in Mozambique mining coal and some of that mineral will be shipped through Malawi for the local market, as well as to export abroad.

Malawi's presidency said the project will create more than 3,000 jobs.

Mozambique's government now is considering a $2 billion port and railroad line project to speed the nation's coal exports to the rest of the world. Officials say that the improved railroad will connect to the planned railroad running through Malawi.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
More Money News
Top Stories

  • Seeking Answers
    Investigators, engineers, and lawmakers scramble to fix I-5 after bridge collapses

  • Survivor's Tale
    "I hit the brakes and we went off"

  • Bridge Distress
    Washington has an unfortunate history of bridge disasters
MyNorthwest.com - Purpose of Comments statement
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.

Comments