Industry Rail transport Founded 2003 | Number of employees ~ 850 Type Joint-stock company | |
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Key people Patrick Claes, Managing DirectorPatrick Stevenaert, General ManagerThéodore Rasolonjatovo, Operations ManagerEric Pfeiffer, Chairman of the Board Products Train transport serviceInfrastructure construction | ||
6 madarail
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 the Portuguese Comboios de Portugal, the CP Class 9020.
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Overview
The ownership of the company's stock 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, Australian 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 nine level crossings for Madarail.