The European Investment Bank (EIB) has approved USD 125 million (EUR 107 million) in financing for the Société Nationale Industrielle et Minière (SNIM) in Mauritania to support a major railway modernisation initiative. The total cost of the project is estimated at USD 512 million (EUR 439 million).
The project involves the capacity expansion of SNIM’s existing railway line that links the iron ore mining region of Zouerate with the port of Nouadhibou. It also includes a 42 km extension to new mining sites at El Aouj and Atomai to accommodate the expected increase in transport demand.
SNIM’s investment programme encompasses the acquisition of new rolling stock, including locomotives and wagons, infrastructure maintenance equipment, and the extension of maintenance facilities. The project aims to enhance the quality, capacity, availability, and reliability of rail operations, thereby strengthening SNIM’s competitiveness.
Key anticipated outcomes include reduced travel times, lower vehicle operating and infrastructure maintenance costs, and improved rail safety. The project also seeks to prevent modal shift from rail to road, delivering climate, environmental, and road safety benefits.
The project falls under the Global Europe NDICI guarantee and the EFSD+ Guarantee.
An Environmental and Social Impact Assessment (ESIA) was conducted in accordance with Mauritanian legislation. Most activities will be carried out along the existing alignment and right of way, limiting potential negative impacts. The EIB will further assess SNIM’s environmental and social policy compliance with the EIB Group Environmental and Social Sustainability Framework.
SNIM will ensure that all project-related contracts are tendered in accordance with the EIB’s Guide to Procurement.
