Sao Tome and Principe plans to invest US$1 billion in ports and airports

26 November 2008

Maia, Portugal, 26 Nov – Sao Tome and Principe plans to be a centre for provision of services on a regional level and plans to invest, in the short term, almost US$1 billion in two ports and an airport, the country’s minister for Public Works said Tuesday in Maia, Portugal.

Benjamim Vera Cruz Tuesday met with officials from the Association of Construction Industry and Public Works of the North (AICCOPN), and then visited the Centre for Professional Training of the Construction Industry and Public Works of the North (CICCOPN), where he met with 24 trainees from his country that are taking part in technical courses at the centre.

Speaking to Portuguese news agency Lusa teh miter said that the three projects – a deep water port, equipped with a container terminal, a logistics port to support oil platforms in the Gulf of Guinea and a new airport – are necessary because, “what there is does not meet international standards.”

“Everything leads us to believe,” the minister said, that work on the first of those ports will begin, “in the first half of 2010.”

The government of Sao Tome believes that, “with these infrastructures we will create the basis to attract other investments,” and take best advantage of the country’s geographic location, in the Gulf of Guinea. (macauhub)