U.S. government commits $110 million in development assistance to Mozambique
President Filipe Nyusi said that although the construction of the Techobanine railway and port was being undertaken by the private sector, the Mozambican government would nevertheless cherish it.
Speaking in Beijing on Tuesday afternoon, Filipe Nyusi said he believed the project would be an asset for the country, as it would bring the Chibuto heavy sands exploration project.
The project is being spearheaded by the Joaquim Chissano foundation and the Muiake company, in coordination with the China Railway International Group. Leonardo Simão, Executive Director of the Joaquim Chissano Foundation and Chairman of the Board of Directors of Muiake, is in Beijing for contacts with his Chinese counterpart.
Simão said that, in terms of financing for the execution of the works, he was guaranteed an initial amount estimated at US$2.9 dollars.
This is a structuring project, which can also make feasible the exploitation of heavy sands in the provinces of Gaza and Inhambane.
The infrastructure project will make feasible the exploitation of heavy sands in Gaza and Inhambane provinces, contributing to development both locally and of the country in general, Simão said.Source: Rádio Moçambique