Madarail
Encyclopedia
The government of Madagascar
has granted Madarail a 25 year concession
to operate the northern of the two national rail lines. The company is investing heavily in Madagascar's rail system
. Operations began in 2003 with one locomotive
; 7 more locomotives have been purchased from a Portuguese
company.
is as follows:
The company has begun a 5-year 37.5 million punds investment
program for developing the rail infrastructure
in Madagascar. The funding has been obtained as follows:
The agenda of the 5-year plan includes:
Further projects include a partnership
with Logistique Pétrolière to enable the transportation of petroleum products between 24 Madagascar depots. And according to the company's website at Comazar
, new mining
projects are being planned by American
, Australia
n and Canadian companies due to the refurbishment of the country's rail system.
McML Systems Pvt. Ltd. an Indian Based multinational company has executed Level Crossing Protection System for 9 Level Crossings for Madarail.
Madagascar
The Republic of Madagascar is an island country located in the Indian Ocean off the southeastern coast of Africa...
has granted Madarail a 25 year concession
Concession (contract)
A concession is a business operated under a contract or license associated with a degree of exclusivity in business within a certain geographical area. For example, sports arenas or public parks may have concession stands. Many department stores contain numerous concessions operated by other...
to operate the northern of the two national rail lines. The company is investing heavily in Madagascar's rail system
Rail transport in Madagascar
Rail transport in Madagascar is primarily operated by Madarail, a subsidiary of Comazar.The northern railway is currently concessioned to Madarail...
. Operations began in 2003 with one locomotive
Locomotive
A locomotive is a railway vehicle that provides the motive power for a train. The word originates from the Latin loco – "from a place", ablative of locus, "place" + Medieval Latin motivus, "causing motion", and is a shortened form of the term locomotive engine, first used in the early 19th...
; 7 more locomotives have been purchased from a Portuguese
Portugal
Portugal , officially the Portuguese Republic is a country situated in southwestern Europe on the Iberian Peninsula. Portugal is the westernmost country of Europe, and is bordered by the Atlantic Ocean to the West and South and by Spain to the North and East. The Atlantic archipelagos of the...
company.
Overview
The ownership of the company's stockStock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
is as follows:
- Madarail itself: 51.0%
- Manohisoa Financière: 12.5%
- First Immo: 9.0%
- Financière Aro: 2.5%
- State of Madagascar: 25.0%
The company has begun a 5-year 37.5 million punds investment
Investment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...
program for developing the rail infrastructure
Infrastructure
Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function...
in Madagascar. The funding has been obtained as follows:
- World BankWorld BankThe World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
and the Madagascar government: Euro 25.7 million loan - European Investment BankEuropean Investment BankThe European Investment Bank is the European Union's long-term lending institution established in 1958 under the Treaty of Rome. A policy-driven bank, the EIB supports the EU’s priority objectives, especially European integration and the development of economically weak regions...
: Euro 11 million loan - BFV-Société GénéraleSociété GénéraleSociété Générale S.A. is a large European Bank and a major Financial Services company that has a substantial global presence. Its registered office is on Boulevard Haussmann in the 9th arrondissement of Paris, while its head office is in the Tours Société Générale in the business district of La...
: 950 millions Francs Malagasy.
The agenda of the 5-year plan includes:
- Thorough rebuilding of the rail complex in Antanarivo
- Refurbishment of Gare de Soarano, the main passenger station in Antanarivo
- Refurbishment of Gare Tamatave Manguiers, the main passenger station in ToamasinaToamasinaToamasina , meaning "like salt" or "salty", unofficially and in French also Tamatave, is a city on the east coast of Madagascar on the Indian Ocean. The city is the chief seaport of the country, situated northeast of its capital and biggest city Antananarivo, near the centre of the eastern coast...
- Construction of a container terminalContainer terminalA container terminal is a facility where cargo containers are transshipped between different transport vehicles, for onward transportation. The transshipment may be between container ships and land vehicles, for example trains or trucks, in which case the terminal is described as a maritime...
in Antanarivo.
Further projects include a partnership
Partnership
A partnership is an arrangement where parties agree to cooperate to advance their mutual interests.Since humans are social beings, partnerships between individuals, businesses, interest-based organizations, schools, governments, and varied combinations thereof, have always been and remain commonplace...
with Logistique Pétrolière to enable the transportation of petroleum products between 24 Madagascar depots. And according to the company's website at Comazar
Comazar
Comazar is a company that operates railways in Africa. Its stock is majority owned by the French investment group Bolloré.Comazar was founded by Eric Peiffer and Patrick Claes in conjunction with Transnet and Transurb Consult in 1995.The headquarters are in Johannesburg.- Related organizations...
, new mining
Mining
Mining is the extraction of valuable minerals or other geological materials from the earth, from an ore body, vein or seam. The term also includes the removal of soil. Materials recovered by mining include base metals, precious metals, iron, uranium, coal, diamonds, limestone, oil shale, rock...
projects are being planned by American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
n and Canadian companies due to the refurbishment of the country's rail system.
McML Systems Pvt. Ltd. an Indian Based multinational company has executed Level Crossing Protection System for 9 Level Crossings for Madarail.
See also
- History of rail transport in MadagascarHistory of rail transport in MadagascarThe history of rail transport in Madagascar began at the start of the twentieth century, with the construction of a metre gauge line between Brickaville and Madagascar's capital, Tananarive . That line was the first section of the Tananarive–Côte Est railway from Tananarive to Toamasina, the...
- Rail transport in MadagascarRail transport in MadagascarRail transport in Madagascar is primarily operated by Madarail, a subsidiary of Comazar.The northern railway is currently concessioned to Madarail...
- Transport in MadagascarTransport in Madagascar- Railways : The northern railway is currently concessioned to Madarail. The southern line, Fianarantsoa-Côte-Est railway , is a parastatal line.total:875 kmnarrow gauge:875 km 1.000-m gauge There are two unconnected systems....