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 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.[1]
Overview
The shares of this company are hold at 100% by the state of Madagascar after the private investor that hold 75% of the shares desisted in April 2022.[2]
Business development
It is planned to refurbish the line Antanananrivo-Antsirabe (159km) that had been closed in the mid of the 1990's after passage of the Cyclone Ana that damaged a bridge of the river Sasaony, at 19km from Antananarivo.[3]