Chinese group Kingho to fund construction of port and railway in Mozambique

12 August 2011

Beijing, China, 12 Aug – The China Kingho group is set to fund construction of a port in Mozambique’s Sofala province and a railway line between Moatize and the port of Beira, the chairman of the Chinese group, Huo Qinghua said Thursday in Beijing.

At the end of an audience with the President of Mozambique, on a six-day state visit to China, Huo said that the railway would begin in Moatize in Tete province, would pass through Chimoio, in Manica province and end at the port of Beira in Sofala province.

Armando Guebuza, who arrived Thursday in the city of Shenzhen to attend the opening of the 26th edition of the Summer University, at the invitation of his Chinese counterpart Hu Jintao, was also informed that the Chinese group in April had handed over the pre-feasibility studies for construction of the projects to the Mozambican government.

In July 2010 the group signed a memorandum of cooperation with the government for development of the mining industry, construction of infrastructures, agriculture and social support in the education sector and other areas. Initial investment in logistics and prospecting work for mining was expected to total US$20 million. (macauhub)