EIB Global and AfDB invest US$275 million to modernise Mauritania’s main railway corridor
Abidjan, Cote d'Ivoire (PANA) - The European Investment Bank (EIB Global) and the African Development Bank (AfDB) signed a joint financing package of US$ 275 million to modernise Mauritania’s main railway corridor linking the iron ore mining hub of Zouerate to the Atlantic port of Nouadhibou.
This was on the sidelines of the Africa Investment Forum 2025, a press release by the AfDB said.
The investment includes loans of US$ 150 million from the AfDB and US$ 125 million from EIB Global, guaranteed by the European Union.
Both operations are private sector, non-sovereign financings provided directly to the Société Nationale Industrielle et Minière (SNIM), reaffirming the partners’ shared commitment to catalysing corporate investment and supporting commercially viable infrastructure in Africa.
The press release said it will finance the rehabilitation of the existing railway, the construction of 42 kilometres of new track connecting future mining sites at El Aouj and Atomai, and the acquisition of modern locomotives, wagons, and maintenance equipment.
This vital operation, in line with the EU Global Gateway strategy of investments in transformative infrastructures, will connect Mauritania’s main mining region with its export terminal, playing a central role in the country’s economy and integration into global value chains.
The project is implemented by SNIM, Mauritania’s largest employer, and a key driver of national development. It will increase transport capacity, reduce fuel consumption, and improve safety and reliability along a corridor that carries the backbone of the country’s export economy.
Mohamed Vall Mohamed Telmidy, CEO and Board Member of SNIM, said: "The initiative to improve our logistics chain represents an important pillar of our strategic programme. Its development contributes to the realisation of our production objectives. We are particularly grateful to our partners EIB Global and AfDB for their unwavering support."
Sidi Ould Tah, President of the AfDB Group, said: “This financing marks an important milestone for Mauritania and for the African Development Bank. By supporting SNIM through a corporate, non-sovereign loan, we are demonstrating our determination to scale up private sector investment in strategic value chains. Modernising this railway will unlock new opportunities for industry, strengthen Mauritania’s role in regional trade, and accelerate the country’s transition toward more sustainable and competitive growth.”
Ambroise Fayolle, Vice-President of the European Investment Bank, said: “This project will reinforce SNIM’s transport corridor, boost exports, and support the country’s economic development. Just a few days after the successful AU-EU Summit in Luanda, it is a strong example of how the European Union and the EIB, working with African partners, deliver on the Global Gateway strategy.”
“This joint operation illustrates the African Development Bank’s strong partnership with Mauritania and our shared commitment to building resilient, low-carbon infrastructure,” said Solomon Quaynor, AfDB’s Vice-President for Private Sector, Infrastructure, and Industrialization.
“By improving the Zouerate–Nouadhibou railway, we are not only enhancing competitiveness and trade, but also laying the groundwork for greener, more inclusive growth across the country.”
The upgraded railway will also create jobs, enhance regional connectivity, and increase resilience to climate risks, helping Mauritania consolidate its position as a key partner in the Sahel region’s sustainable industrial transformation.
The operation is a flagship under the European Union’s Global Gateway initiative, which promotes sustainable infrastructure investment and responsible value chains for strategic industrial materials and job opportunities. It supports Mauritania’s efforts to expand production and exports while improving environmental and social sustainability across its mining and transport sectors.
-0- PANA MA/RA 30Nov2025
