China: Beijing ready to fund Mozambique-Malawi canal

31 December 2007

Lilongwe, Malawi, 31 Dec – China has offered to finance the building of a shipping canal between Malawi and Mozambique to give the landlocked African state access to Indian Ocean ports, media in Malawi have reported.

Citing Malawi government officials, the Nyasa Times reported Friday that the project involved the building of a canal to link the Shire and Zambezi rivers as part of a US$ 6 billion investment by Beijing.

Malawi’s ministers of energy and presidential affairs are presently in Beijing to sign a cooperation accord on the canal scheme, as well as projects including the building of universities and a fertilizer factory, the report added.

The Shire-Zambezi canal project, with an initial budget of US$ 6 billion, is intended to link Malawi’s river port of Nsanje to Chinde in Mozambique. The ambitious canal link has been promoted by the Malawi authorizes for a number of years and been branded a “priority regional infrastructure project” by the Southern African Development Community (SADC). (macauhub)