Madarail

Infobox_Company
company_name = MADARAIL
company_
company_type = Joint stock
company_slogan =
foundation = 2003
location = flagicon|Madagascar Antanarivo
key_people = Patrick Claes, Managing Director
Patrick Stevenaert, General Manager
Théodore Rasolonjatovo, Operations Manager
Eric Pfeiffer, Chairman of the Board
num_employees = ~ 850
revenue =
industry = Rail transport
products = Train transport service
Infrastructure construction
homepage = http://www.comazar.com/madarail.htm infobox rail
railroad_name=Madarail
logo_filename=
logo_size=300
marks=
locale=Madagascar
start_year=2003
end_year=present
gauge=RailGauge|1
hq_city= Antanarivo
The government of Madagascar has granted Madarail a 25 year concession to operate the national rail line. 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.

Overview

The ownership of the company's stock 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 euro investment program for developing the rail infrastructure in Madagascar. The funding has been obtained thusly:

* World Bank and the Madagascar government: Euro 25.7 million loan
* European Investment Bank: Euro 11 million loan
* BFV - Société Générale: 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 Toamasina
*Construction of a container terminal in Antanarivo.

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, Australian and Canadian companies due to the refurbishment of the country's rail system.

Timeline

2008

* 4 new locomotives ordered [ http://www.railpage.com.au/f-t11339023.htm RGI ]

See also

* Transport in Madagascar

External links

* [http://www.comazar.com/madarail.htm Madarail page (Comazar) - English language] (dead link)

References