Southern Africa: Spoornet Signs Maputo Corridor Concession Agreement

Johannesburg — A Spoornet consortium signed a concession agreement with the Mozambican government on Monday for the upgrade and running of the Maputo corridor line for the next 15 years.

The agreement, signed between Spoornet and its partner New Limpopo Bridge Projects Investments (Pty Ltd)(NLBP) will pay the Mozambique authorities an estimated US67,7-million over the initial 15 year period of the concession.

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