Madarail
Madarail is a Malagasy railway operator holding a long-term concession for the northern national rail line.
Last updated August 26, 2026
Overview
Madarail is a railway operating company in Madagascar responsible for operating and developing the northern portion of the country's national railway system. The company received a 25-year concession from the Malagasy government to run the northern of Madagascar's two national rail lines and began operations in 2003 with a single locomotive. Its role extends beyond train operations: Madarail has also invested in locomotives, rolling-stock capacity, infrastructure rehabilitation, and the restoration of rail services affected by long-term deterioration and cyclone damage. The operator's network serves the economically important rail corridor linking the interior of Madagascar with the east-coast port area around Toamasina. Madarail has also been involved in efforts to restore the Antananarivo–Antsirabe route, a 159-kilometre section that had been closed since the 1990s after a bridge over the Sasaony River, approximately 19 kilometres from Antananarivo, was damaged. The line reopened on 2 December 2023. A further objective described in reference material was the restoration of freight services between Toamasina and Antsirabe. Madarail's locomotive fleet has developed through several procurement and refurbishment programs. In 2007, five SDD9 locomotives built by CSR Sifang were delivered. In 2010, six reconditioned locomotives supplied by GE/Motive Power & Equipment Solutions were delivered for Dynatec Mining; Madarail managed and operated those locomotives on the mining company's behalf. In 2022, the company received four G20-3 locomotives built by Ferrovias Del Bajio in Mexico, as well as two BB700 locomotives. The company's ownership structure changed materially in April 2022, when the private investor holding 75 percent of the shares reportedly withdrew. The shares were subsequently reported as being held entirely by the state of Madagascar. Madarail therefore combines the functions of a national rail concessionaire, infrastructure and fleet investment vehicle, and operator of passenger and freight railway services. Publicly available material provides limited information about its corporate headquarters, executives, revenue, passenger volumes, and detailed service portfolio.
History
Madarail operates within Madagascar's national railway system under a concession granted by the Malagasy government. The concession covers the northern of the country's two national rail lines and has a reported duration of 25 years. The company's operations began in 2003, initially with one locomotive. Its mandate has included both day-to-day rail operations and investment intended to improve the condition and capacity of Madagascar's railway infrastructure. Fleet expansion became an important part of Madarail's development. Seven additional locomotives were purchased from Portugal's Comboios de Portugal, including CP Class 9020 locomotives. In 2007, five new SDD9 locomotives manufactured by CSR Sifang were delivered. Three years later, six reconditioned locomotives supplied by GE/Motive Power & Equipment Solutions were delivered for Dynatec Mining, with Madarail managing and operating them on the mining company's behalf. These acquisitions reflected the company's role in supporting both general railway operations and industrial or mining logistics. A major infrastructure challenge concerned the Antananarivo–Antsirabe line. The 159-kilometre route had been closed since the mid-1990s after Cyclone Ana damaged a bridge across the Sasaony River, about 19 kilometres from Antananarivo. Madarail planned refurbishment of the line and described an intention to restore freight traffic between Toamasina and Antsirabe. The Antananarivo–Antsirabe section eventually reopened on 2 December 2023, representing a significant restoration of service on a route that had been unavailable for decades. Madarail's ownership also changed in 2022. A private investor that reportedly held 75 percent of the company's shares withdrew in April of that year. The company was subsequently described as being wholly owned by the state of Madagascar. In the same year, Madarail expanded its locomotive resources with four G20-3 locomotives built by Ferrovias Del Bajio in Mexico and two BB700 locomotives. The available reference material does not provide a complete account of Madarail's incorporation, concession award date, corporate headquarters, management team, financial performance, passenger volumes, or detailed route timetable. The company's documented history is therefore best understood through its concession role, fleet investments, ownership transition, and efforts to rehabilitate strategically important rail links.
- 2023Antananarivo–Antsirabe line reopens
The 159-kilometre Antananarivo–Antsirabe route reopened on 2 December after a long closure caused by bridge damage.
- 2022Ownership becomes state-held
After the private investor holding 75 percent of the shares withdrew, Madarail was reported to be wholly owned by the state of Madagascar.
- 2022New locomotive deliveries
Four G20-3 locomotives built by Ferrovias Del Bajio and two BB700 locomotives were delivered.
- 2010Reconditioned locomotives added for mining operations
Six reconditioned locomotives supplied by GE/Motive Power & Equipment Solutions were delivered for Dynatec Mining and operated by Madarail.
- 2007SDD9 locomotives delivered
Five new SDD9 locomotives built by CSR Sifang were delivered to Madarail.
- 2003Madarail begins railway operations
Madarail commenced operations with one locomotive under its concession to operate the northern national rail line in Madagascar.
Products and positioning
A state-owned Malagasy railway concessionaire focused on maintaining, rehabilitating, and operating strategic national rail infrastructure for passenger, freight, and industrial transport.
Rail freight servicesFreight rail
Madarail operates freight trains on Madagascar's northern railway system, supporting movement between the island's interior and the east-coast transport and port network. The company has also been associated with industrial and mining logistics, including locomotive operations performed for Dynatec Mining. Planned and restored links have included the Toamasina–Antsirabe freight corridor.
Passenger railway servicesPassenger rail
Madarail provides or manages passenger rail operations on routes within the northern Malagasy railway network. The reopening of the Antananarivo–Antsirabe line in December 2023 restored passenger-rail potential on a 159-kilometre corridor that had been closed for many years.
Railway infrastructure and fleet operationsRailway operations2003
Beyond selling transport services, Madarail's concession role includes operating railway infrastructure and investing in the locomotives and equipment required to keep the network functioning. Its documented activities include route refurbishment, bridge-related restoration work, and the acquisition or management of locomotives from several international suppliers.
Flagship businesses
- Operation of the northern national railway line in Madagascar
- Antananarivo–Antsirabe rail services
- Freight services on the Madagascar east-coast and interior rail corridors
Brand decisions
- 2023Restoration of the Antananarivo–Antsirabe corridorStrategy
The 159-kilometre line had been closed since the 1990s after Cyclone Ana damaged a bridge over the Sasaony River.
What changed. Madarail pursued refurbishment of the route, and the Antananarivo–Antsirabe line reopened on 2 December 2023.
Aftermath. Rail service was restored on the corridor. Reference material also identified a plan to reopen freight service between Toamasina and Antsirabe.
- 2022Transition to wholly state-held ownershipM&A
A private investor reported to hold 75 percent of Madarail's shares withdrew in April 2022.
What changed. Ownership was reported as transferring to or becoming entirely held by the state of Madagascar.
Aftermath. Madarail continued operating as a state-owned railway company and proceeded with locomotive additions and network rehabilitation activity.
Recent events
- 2023Antananarivo–Antsirabe railway line reopens
The 159-kilometre Antananarivo–Antsirabe line reopened on 2 December 2023 after a prolonged closure linked to damage to a bridge over the Sasaony River.
Product launchOther - 2022Private investor exits Madarail ownership
The private investor reported to hold 75 percent of Madarail's shares withdrew in April 2022. Following the exit, the company's shares were reported as being held entirely by the state of Madagascar.
M&ALeadership change - 2022Madarail receives new locomotives
Madarail received four G20-3 locomotives built by Ferrovias Del Bajio in Mexico and two BB700 locomotives as part of its fleet development.
Product launchProduct generation
Sources
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