Taiwan to fund Sao Tome and Principe infrastructure and transport

1 February 2007

Sao Tome, Sao Tome and Principe, 1 Feb – Taiwan is set to grant “extraordinary and direct” funding to Sao Tome and Principe for the infrastructure and transport sectors, the Sao Tome minister of Public Works, Delfim Neves said in Sao Tome Wednesday.

Neves, who declined to say how much funding had been granted, said that the money would be invested in building houses, repairing roads, refurbishing public buildings, building a dock and a national conference center.

Within the transport sector, Neves said that part of the funding would be used to buy buses and a boat to link the islands of Sao Tome and Principe.

“We already have the green light from the Taiwanese authorities, for direct and extraordinary funding to finance those projects,” Neves said adding that, “as of today we are going to launch some tenders for carrying out that work.”

As well as cooperating in the area of infrastructure and transport, Taiwan has also invested in the health, education and agricultural sectors in Sao Tome and Principe by donating equipment, providing training and financial assistance.

It is estimated that Taiwan has donated over US$100 million since setting up diplomatic relations with Sao Tome and Principe in 1997, a process which was spearheaded by former Sao Tome president, Miguel Trovoada. (macauhub)