Mozambican government to review tariffs, legislation on foreign trade
File photo: Notícias
Just over three billion dollars could be invested in establishing a cabotage port at Chongoene and rail links to the Limpopo Corridor in Macarretane, together with extensions to projects such as Chibuto’s heavy sands industry areas in Gaza and Jangamo in Inhambane.
Taking part in the China-Mozambique Business Forum today in Beijing, Muyaque chairman Leonardo Simão said that there was already a partnership with China Railways International Group to materialise the project.
After a preliminary assessment, parties were discussing how to move forward to detailed studies to determine costs, the time required for implementation and the return on investment.
The idea is that, in addition to the port, a railway line and branch lines linking Inharrime and Chibuto will be built for the heavy sands projects, which on their own make the initiative viable.
According to Simao, other activities could be made possible by the port and attendant railway lines in areas such as agriculture, forestry and livestock.
Once completed, the studies will be submitted to the government for final decision.
“Our approach to the matter is that the project, while of great importance for the development of Mozambique, should not entail any increase of external debt. It is necessary to move towards a modality called project-financing, where the project finances itself. This is what we are discussing with the Chinese side,” he said.
By Osvaldo Gemo, in BeijingSource: Notícias