The World Bank has approved $200 million in financing for Madagascar's Multimodal Transport and Logistics Project, targeting railway, port, inland waterway, and airport infrastructure. The project includes rehabilitation of the Tananarive–Côte Est railway, ports of Majunga and Tulear, 200 km of the Pangalanes Canal, and regional airports, benefiting an estimated 3.8 million people.
The World Bank Group has approved $200 million in financing for the Madagascar Multimodal Transport and Logistics Project to enhance efficiency, safety, and climate resilience of transport and logistics infrastructure along key economic corridors, according to an official announcement. The project will rehabilitate key sections of the Tananarive-Côte Est railway (371 km linking Antananarivo to Toamasina port), support construction of a rail-road dry port and logistics platform near Antananarivo, rehabilitate ports of Majunga and Tulear, reopen and rehabilitate approximately 200 km of the Pangalanes Canal, and finance safety and climate-resilience upgrades at regional airports in Toamasina, Fort-Dauphin, and Tulear.
This project brings total World Bank Group financing for Madagascar's transport infrastructure to $1.1 billion, complementing ongoing road investments. The project is expected to benefit about 3.8 million people by improving access to safer, more reliable, and more resilient transport. The Asian Infrastructure Investment Bank is expected to provide co-financing.
This development matters for Madagascar's economy, where weak connectivity has been a major constraint to jobs and economic growth. The project aims to lower transport costs, protect critical supply chains, and maintain connectivity during climate shocks by restoring railways, ports, waterways, and airports. Madagascar has suffered years of underinvestment compounded by repeated cyclones, leaving key corridors vulnerable.
For the transport and logistics industry, the project creates opportunities for construction, engineering, and port operations stakeholders. Communities and businesses along the northern railway corridor, coastal populations, traders, fishers, and tourism operators stand to benefit from improved freight services, market access, and domestic connectivity.
About GlobeNewsInfo
GlobeNewsInfo.com is a business news platform providing latest updates on global business developments, projects, and contract opportunities across diverse sectors and regions. The platform is designed to serve as a trusted source of information for companies, investors, and professionals worldwide.