European Union provides aid of 19 million euros to Sao Tome and Principe

22 October 2009

Brussels, Belgium, 22 Oct – The president of the European Commission, José Manuel Durão Barroso, Tuesday in Brussels announced an aid package for Sao Tome and Principe to the value of 19 million euros.

The announcement was made after Barroso’s meeting with the head of the Sao Tome government, Rafael Branco, who travelled on an official basis to Brussels for the first time.

The EU funding will be used to build a deep water port and an airport on the island of Principe.

Barroso gave assurances that the EU was working to contribute to the political stability of Sao Tome and Principe, which is due to hold local, regional and legislative elections in 2010 and a presidential election in 2011.

Sao Tome’s prime minister noted his government’s strategy of “transforming the islands into a services and tourism platform,” due to their strategic location, pointing out, however, that it was essential to develop some “fundamental projects.” (macauhub)