Mozambican prime minister in China to negotiate funding of US$2 billion for infrastructures

18 June 2010

Maputo, Mozambique, 18 June – The prime minister of Mozambique, Aires Ali, Thursday began a visit to China to negotiate financing of US$2 billion for 26 “priority projects” according to Mozambican daily newspaper O País.

In China, Aires Ali is to try to secure funding for construction of the Moamba-Major dam, in southern Mozambique, in the amount of US$600 million, the second phase of expansion of Maputo International Airport, for US$104.7 million, conclusion of the National Stadium and adjacent facilities, worth an estimated US$50.2 million, and construction of the Council of Ministers session centre, estimated to cost around US$17 million, the paper said.

The Mozambican government also wants to interest Sinohydro (Chinese state company focused on large public works, such as roads, bridges and dams) in financing and, potentially, building Moamba-Major.

Sinohydro is currently involved in drawing up the project for the new cement factory being built in Magude and, because of this, the Mozambican government wants the Chinese company to secure funding for this project, as well as its execution.

Over the last few years China has become a heavyweight economic partner for Mozambique, importing raw materials, essentially wood, and financing the infrastructure sector.

Chinese construction companies have been involved in large construction projects, such as construction of the country’s biggest conference venue – the Joaquim Chissano Conference Centre – the parliament building, the Military Neighbourhood for armed forces officers, the country’s foreign ministry and the National Stadium, which is being concluded.

On his visit to China, Aires Ali is accompanied by the Finance Minister, Manuel Chang, Public Works and Housing Minister, Cadmiel Muthemba, Transport and communications Minister, Paulo Zucula and Mining Resources Minister, Esperança Bias. (macauhub)