Mozambique will exceed IMF debt limits by July
Macauhub (File photo) / Nacala port
Transport ministers in the Southern African Development Community (SADC) have established an institution to manage Mozambique’s development corridors of Maputo, Beira and Nacala, APA learnt here on Friday.
To that effect, two memoranda of understanding were signed late on Thursday in Mozambique port city of Beira where a meeting on development corridors in the SADC is underway and is being attended by transport ministers from the sub-region.
The idea is to establish and develop adequate and efficient routes for regional and international trade based on the principle of mutual and equitable benefit.
“The ministers agreed to mobilise financing for infrastructure projects, as well as to create a value chain along the Beira Corridor, which includes the Port of Beira, the railroad from the port of Beira
Machipanda boarder post with Zimbabwe and the National Road Number Six (EN6),” the ministers said in a statement emailed to APA on Friday.
Development corridors link the SADC’s inland countries to Mozambican ports on the Indian Ocean.Source: APA