Chinese company to build housing complex in Matola, Mozambique

21 September 2011

Maputo, Mozambique, 21 Sept – Chinese company Henen Guoji Industry and Development Co., Ltd. is to build a housing complex in the Mozambican city of Matola on the outskirts of the capital, Maputo, a project expected to cost US$439 million, the Mozambican press reported.

The contract for construction of the complex was signed with the Chinese company last August and Henan Guoji Industry and Development Co., Ltd. will build the houses, roads, schools, clinics and a shopping centre within an estimated 18 months.

The first stone was laid by Mozambique’s Prime Minister, Aires Ali, and under the terms of the contract the Chinese company will also have to build all the infrastructures, such as the water supply, electricity and sewage networks.

According to the Mozambican press, the housing is aimed at the middle classes and the Mozambican state will provide loans at reduced interest rates to buy the houses. (macauhub)