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Nearly US$400 million to be invested in the 2nd phase of Matola citadel
2:53 CAT | 11 Nov 2020
Photo: Rádio Moçambique
Nearly US$400 million will be invested next year in the second phase of the Matola citadel project.
The resumption of the initiative will cover the construction of basic service infrastructure designed to answer the challenges arising from the exponential growth of Matola city in Maputo province.
Paulo Cossa, spokesman for the 12th session of the Provincial Executive Council of Maputo, said that the project would attract investment and contribute to the growth of the Matola industrial park.
Paulo Cossa explained that the construction of the citadel would generate about 8,000 jobs and boost the economy through tourism and in other areas.
The first phase of the project, costing more than US$30 million, focused on the parcelling of land and construction of access roads, as well as underground infrastructure for waste management and drainage.
The Matola citadel project includes apartments, shopping centres, hotels, clinics, restaurants, museums, sports and entertainment venues.
The project is a 54-hectare joint initiative between South African and Mozambican investors located at the former Radio Mozambique facilities on the EN2 between Avenues União Africana, Namaacha, Zimbabwe and Rua da Rádio.
Building of Matola commercial complex to resume – AIM report
The construction phase of a commercial complex in the southern Mozambican city of Matola, starting as early as the first quarter of 2021, will generate about 8,000 jobs, according to projections by the Maputo provincial government.
Paulo Cossa, the Provincial Director of Industry and Trade, who on Tuesday addressed a session of the Maputo Provincial Executive Council (CEPM), said the construction of the commercial complex, which will include hotels, offices and much more, is budgeted at 300 million US dollars, with the money coming from national and foreign investors.
The complex, Cossa said, will not only create job opportunities for young people but will leverage domestic tourism and improve income generation for the province’s economic development.
“We expect to create 8,000 jobs throughout the construction phase,” Cossa said. He claimed that Mozambique loses hundreds of thousands of dollars from citizens who go abroad for tourism. He believed the construction of a massive commercial complex would boost domestic tourism.
“We want our citizens, especially those from Maputo province, to enjoy domestic tourism. We no longer want our citizens to go to South Africa,” he added.
Matola already has the country’s largest industrial park and after the completion of the complex, the provincial government dreams that most industries still headquartered in Maputo will move to Matola.
“We want the industries with their head office in Maputo city to move into the province, so that their tax residence is also in Matola in order to catalyse the province’s economy,” Cossa said,
He added that, during the first phase of project construction, 34 million US dollars was spent on underground work, drainage and waste management.
However, the need to redesign the investment caused an interruption for five years, which was understood as investors withdrawing from the project.
The global financial situation scared off some of the investors, but Cossa declared that the provincial government wants them back and project managers believe everything has been put in place for the project to resume.
Source: Rádio Moçambique / Noticias / AIM
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