Mozambique: Vilankulo waterfront remains degraded
Mozambique secures US$158M from Saudi Development Fund for three projects
12:47 CAT | 13 Nov 2023
Photo: Domingo
The Government of Mozambique and the Saudi Development Fund (FSD) last week signed a set of public infrastructure financing agreements worth US$158 million.
The agreements were signed in Riyadh, the capital of Saudi Arabia, between the Minister of Economy and Finance of Mozambique, Max Tonela, and the CEO of the FSD, Sultan Abdulrahman Al-Marshad.
The amount will be applied to three projects included in the Government’s Five-Year Plan 2020-2024: the construction and equipping of five district hospitals, a dam in Muera, Cabo Delgado, and the rehabilitation of two sections of National Highway Number One ( N1).
The five hospitals, falling within the scope of the presidential “One District, One Hospital” initiative, will be situated in Chimbonila, in Niassa province, Ribauè (Nampula), Molumbo (Zambézia), Vandúzi (Manica) and Limpopo (Gaza).
The construction of a dam in Muera will help mitigate chronic water scarcity in the districts of Mueda, Muidumbe and Nangade, in Cabo Delgado province.
Max Tonela indicated that the government sees the mobilisation of financing for infrastructure projects in Mozambique as a priority. “This agreement ensures new investments that not only increase the well-being of the population, but also boost economic development, building a solid foundation for the country’s future,” he added.
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Source: Domingo /Rádio Moçambique
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