Core Points - Mauritania has signed a significant financing agreement amounting to $275 million to support the expansion of the national railway capacity, specifically for the Société Nationale Industrielle et Minière (SNIM) [1] - The financing is provided by the African Development Bank ($150 million) and the European Investment Bank ($125 million), highlighting international support for the project [1] - This project is expected to enhance the competitiveness of Mauritania's mining value chain and strengthen its position in the global iron ore market [1] Summary by Categories Financing Details - The total financing amount is $275 million, with contributions from the African Development Bank and the European Investment Bank [1] - The agreement was signed during the "2025 Africa Investment Forum" event, indicating a strategic focus on infrastructure investment [1] Project Impact - The project aims to increase the operational capacity of the Zouérat–Nouadhibou railway and includes the construction of 42 kilometers of new railway to key mining areas [1] - It will add new lines, procure advanced locomotives, and upgrade maintenance facilities to improve system reliability [1] - The investment is projected to add up to 22 million tons of mineral transport capacity annually, significantly enhancing SNIM's competitiveness and promoting sustainable development of national resources [1]