EIB Global and African Development Bank invest US$ 275 million to modernise Mauritania's main railway corridor
Cote Dlvoire, Nov. 28 -- On the sidelines of the Africa Investment Forum 2025, the European Investment Bank (EIB Global) and the African Development Bank (AfDB) signed a joint financing package of US$ 275 million to modernise Mauritania's main railway corridor linking the iron ore mining hub of Zouerate to the Atlantic port of Nouadhibou.The investment includes loans of US$ 150 million from the African Development Bank and US$ 125 million from EIB Global, guaranteed by the European Union. Both operations are private sector, non-sovereign financings provided directly to the Societe Nationale Industrielle et Miniere (SNIM), reaffirming the partners' shared commitment to catalysing corporate investment and supporting commercially viable infras...
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