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China will continue to fund construction of infrastructure in Mozambique

China will continue to fund construction of infrastructure in Mozambique

The construction of infrastructure will continue in Mozambique with China’s investment, given its capacity to raise funds, the Mozambican Minister of Public Works, Housing and Water Resources said Thursday in Macau.

 “Of the investment made in Mozambique in the last four or five years in the infrastructure sector around 60 to 70 percent has been provided by Chinese companies,” said João Osvaldo Moisés Machatine on the sidelines of the 6th International Forum on Investment and Construction of Infrastructure, held in Macau Friday.
Therefore, the minister said cited by news agency Lusa, “we believe that China will continue to play a very important role in investment in the infrastructure sector in Mozambique.”
At the forum taking place Friday in Macau, Mozambique plans to sign agreements with Chinese companies for road rehabilitation and construction of housing, including social housing. The minister also noted that of a total road network of 35,000 kilometres just 5,000 kilometres were paved.
One of the memoranda provides for the recovery, in the south of the country, “of a section of road of about 30 kilometres with a Chinese company, which will conduct the project and provide funds for this purpose,” said Machatine.
Contracts will also be signed for “the construction of 50,000 houses for the upper middle class and other 20,000 social houses,” throughout the country, “proportionally, depending on the number of inhabitants per province.”
Machatine also said the infrastructure projects that the government of Mozambique plans to carry out over the next five years, including bridges, roads and dams, have an estimated cost of US$8 billion, including US$400 million intended for housing.
Sources: Macauhub

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