Japan interested in building infrastructure in Mozambique

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Japan interested in building infrastructure in Mozambique

6:21 CAT | 14 Jan 2016

In file Club of Mozambique.

Japan plans to cooperate with Mozambique to build infrastructure, said Tuesday in Maputo the Japanese Deputy Minister for Land, Infrastructure, Transport and Tourism, Takatoshi Nishiwaki.

The minister, who is leading a delegation of 25 businesspeople from the sectors of construction, consulting and engineering, noted that Japan has recently been an important partner of the Mozambican government in building infrastructure.

In Nacala, for example, work is due to begin on the second phase of modernisation and expansion of the city’s port, costing an estimated US$300 million funded with Japanese loans, after the first phase, also funded by Japan, was delivered by the Japanese company that was awarded the contract.

Danúbio Lado, of the Investment Promotion Centre (CPI), said, however, that almost 57 pecent of foreign direct investment approved in Mozambique 2010-2014, amounting to US$23 billion, was channelled into infastructure.

Source: Macauhub