Mozambique's transport minister confirms construction of deep water port
13 May 2011
Mozambique, Botswana and Zimbabwe have signed a memorandum of understanding for the construction of a new deep water port at Ponta Techobanine, in the South of Mozambique.
This announcement was made last Wednesday in Maputo by Mozambique's minister for Transport and Communications, Paulo Zucula, reports the APA press agency.
The works, which should start next year, will take ten years.
They also include an 1100 kilometer railway link, which will pass through the three signatory countries to the memorandum of understanding, at a total cost of seven billion dollars. The port will accommodate merchant vessels, oil tankers and passenger ships.
The minister explained that the project is being funded by private backers, whose identity he did not reveal.
The construction of the port and of the railways in Mozambique will strengthen regional integration and stimulate the economic development of the region.