Nacala Railroad Project

Mozambique & Malawi

Abhay Ketkar acted as the Project Management Officer (PMO) for the landmark Nacala Corridor Railway and Port Project, an integrated and transformative infrastructure project supporting growth along a regional corridor shared by Mozambique and Malawi.

This major cross-jurisdictional infrastructure project sponsored by Vale S.A. (“Vale”) and Mitsui & Co., Ltd. (“Mitsui”) comprises the construction of a 912 km railway line to transport coal from Vale’s and Mitsui’s mine in Moatize, Mozambique across Malawi (including 682 km of brownfield land) to a new coal port in Nacala-à-Velha on the eastern coast of Mozambique.

MayCap team, led by Abhay Ketkar worked closely with the Sponsors, the legal counsel (White & Case and Linklaters) and a diverse group of lenders – comprising JBIC, NEXI, ECIC, African Development Bank and regional and international commercial banks – to manage and accelerate the financing process leading up to successful financial close in November 2017.

This deal is the first in the region bringing public and private sector investment together to improve Mozambique’s rail and port infrastructure to support growth of the mining sector in Mozambique, as well as the benefits associated with enhanced passenger and general cargo transport from otherwise land locked areas.

The transaction won the ‘Infrastructure Deal of the Year’ award by African Banker, the ‘Logistics Deal of the Year’ award by Project Finance International, and the African Transport Deal of the Year award by IJ Global for 2017.

For further information, contact Abhay Ketkar at

Transaction Size

US$ 2.7 billion


Coordinate and accelerate the overall project financing process for a multi-source project financing leading up to successful financial close