The Beira Railroad Corporation, (Companhia dos Caminhos de Ferro da Beira in Portuguese) or CCFB, was a joint venture railway company that was responsible for operating the railway lines in central Mozambique.
The privatization contract required the winning company to renovate the railway (which was destroyed by the 1977-2002 civil war), in addition to carrying out periodic maintenance of infrastructure and transporting cargo and passengers between the aforementioned cities.
An agreement was signed to create a joint venture company, Beira Railroad Corporation (CCFB).
Ricon would hold 51% of the capital of CCFB, while 49% would belong to state-owned Mozambique Ports and Railways (CFM).
[2] In 2011, CCFB's concession was revoked for non-compliance with contractual obligations and for failures in the works.