Malawi, Brazil’s Vale ink $1 bln rail line deal

Malawi said on
Wednesday it has signed a $1 billion deal with Brazil’s Vale
for the construction and rehabilitation of a rail
line that will transport 18 million tonnes of coal from
Mozambique.

“Vale will invest about $1 billion in Malawi over a period
of three years for construction and rehabilitation of the
railway line and it is expected to employ 4,500 workers of which
70 percent will be Malawians,” Minister of Transport Sidick Mia
told Reuters.