Mozambique: Fisheries monitoring project launched - AIM
Mozambique’s Macuse port and railway to cost US$3 billion
3:47 CAT | 11 Jul 2016
File photo
The construction of a deep water port at Macuse and a 500 km railway line between Moatize in Tete, and Sopinho in Zambezia, central Mozambique, will cost in the region of US$3 billion, president of the Zambezia Development Corridor Abdul Carimo Isa announced on Friday in Quelimane, adding that work would begin in the first quarter of nest year.
Project shareholders include the corridor development company CODIZA, Mozambique Railways (CFM) and a Thai company, Radio Mozambique reports.
Speaking at the end of a meeting with economic players skeptical about the implementation of the, Isa said that the port and railway line construction project would move forward, with more than US$60 million already invested in economic and environmental feasibility studies.
Isa said that Mozambique’s public debt was increasing the difficulties of obtaining international funding for the project, whereas initially the main difficulty had been the fall in coal prices, the main commodity to be exported from the port.
Source: AIM
Show comments
Also read
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.