Reconstruction of Angolan Moçâmedes railroad financed by Chinese funds kicks off in 2006

9 December 2005

Lubango, Angola, 09 Dec – The reconstruction of the first stretch of the Moçâmedes railroad in Angola, which is financed by Chinese and Indian capital is due to begin in March 2006, India’s ambassador to Angola said Thursday.

Ambassador Mohammed Afzal added that the Indian government would continue to encourage businesspeople in its country to invest in Angola, particularly in Huíla province, due to the potential of its natural resources.

China is responsible for the biggest slice of investment in the stretch of railroad, totaling US$90 million, which is being financed through a US$2 billion credit line granted by the China Exim Bank.

Afzal was speaking to the press during a four-day visit to Huíla, which included visiting the Moçâmedes facilities, a granite factory and a fruit production unit.

The stretch of railroad to be rebuilt, between Huíla and Cuando Cubango is around 1,000 kilometers long, and final checks are currently being made, officials have said.

The reconstruction project for the railroad is estimated to costs US$130 million and is being partially financed by India’s Raids-Indian and the International Limited Company of China.

Work on the railroad is expected to take a year and will involve laying track and rebuilding bridges and aqueducts, in the stretches between Namibe-Bibala and Bibala-Lubango-Matala-Menogue (Cuando Cubango). (macauhub)

MACAUHUB FRENCH