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Anil Bhandari

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Typical PPP - IDA credit to Government of Mozambique with support to<br />

private sector for railway concession<br />

Beira Railway Project – structure<br />

CFM<br />

(GOM sole shareholder)<br />

CFM share will<br />

eventually diminish<br />

to 33% (IPO for<br />

remaining 16%<br />

envisaged)<br />

Joint Venture<br />

49% CCFB<br />

(Concession<br />

Company)<br />

51%<br />

on-lending,<br />

$ 104.5m of<br />

IDA credit<br />

Concession<br />

agreement<br />

RITES/IRCON<br />

WB<br />

IDA credit<br />

GOM

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