Mozambique – Line Of Credit USD95 Million For The Procurement Of Rolling Stock

The Export-Import Bank of India [Exim Bank] has, on behalf of the Government of India, extended a Line of Credit [LOC] OF USD 95 million for procurement of railway rolling stock including locomotives, coaches and wagons to the Government of the Republic of Mozambique. This restricts the majority of the CAPEX to Indian companies, leaving only a small percentage of the spend for companies registered outside of India! Once the LOC agreement has been operationalised the Exim Bank will Invite

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