Beira fishing port modernised with funds from Arab banks

22 July 2009

Beira, Mozambique, 22 July – The fishing port of Beira in Mozambique is being refurbished and modernised based on a joint loan from the Arab bank for Economic Development fo Africa (BADEA) and the Islamic Development Bank (IDB) valued at some US$19 million.

The work was due to have begun in 2004 but has been repeatedly delayed.

The refurbishment and modernisation of the port includes construction of physical facilities such as installing refrigeration units for preserving fish, an ice factory and a fishing product processing room.

As part of the same modernisation project the Mozambican government is negotiating with several partners to get funding of around US$78 million for the rehabilitation of the fishing port’s industrial area. (macauhub)