News > Vale - Nacala Project

Posted on 18 January 2018

Vecturis is currently advising the financial lending institutions involved  in Vale's Nacala Corridor redevelopment project.

In late 2014, Vecturis was awarded a contract to carry out a detailed study of a project, already in an advanced state of construction that would result in an extended Nacala Corridor being able to transport coal from Mozambique’s Moatize coal fields.

The 912 km corridor, which passes through the mid-section of Malawi, reached physical completion in the summer of 2017 and is now handling export coal to a new port facility at Nacala, Mozambique.  When full ramp-up is achieved, the corridor is expected to permit the transportation of 18 Mtpa of coal while also serving local general cargo and passenger needs.Working on behalf of the project’s sponsors and a group of international lending institutions, Vecturis initially deployed a multi-disciplinary 10-member team to Mozambique and Malawi in early 2015. 

Since then, Vecturis has completed various reports and mobilized smaller teams for additional visits to the Corridor as well as to attend other related meetings in Brazil and Europe.

In November of 2017, the end of the due diligence process was marked by the signing of financing agreements worth $2.7 billion.

 

 

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