Madarail
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| MADARAIL | |
 |
|
| Type | Joint stock |
|---|---|
| Founded | 2003 |
| Headquarters | Antanarivo |
| Key people | Patrick Claes, Managing Director Patrick Stevenaert, General Manager Théodore Rasolonjatovo, Operations Manager Eric Pfeiffer, Chairman of the Board |
| Industry | Train transport |
| Products | Train transport service Infrastructure construction |
| Revenue | ~ |
| Employees | ~ 850 |
| Website | http://www.comazar.com/madarail.htm/ |
| Madarail | |
|---|---|
| Locale | Madagascar |
| Dates of operation | 2003 – present |
| Track gauge | {{{gauge}}} |
| Headquarters | 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.
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.
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