Maputo, Mozambique, 9 Nov – The Mozambican government plans for emergency repairs on the port of Nacala to begin in 2012 and needs to reach and agreement with Japan to finance the work costing US$270 million, Mozambican daily newspaper Notícais reported.
The cost was determined by the Japanese International Cooperation Agency (JICA) according to a study finished in April at the behest of the Transport and Communications Ministry in order to establish the investment needed for the port of Nacala to meet the challenges it faces within a regional and international context.
The director of the Office for Accelerated Development Economic Zones (Gazeda), Danilo Nalá, said that the Japanese authorities had already shown interest in continuing the process begun with the study, which means the agency is expected provide funding for the project to move ahead.
“What should happen over the next few months is that the governments of the two countries will sit down, not to discuss loans, but rather to analyse the procedures that should be adopted for the project to begin,” Nalá said adding, “everything points to that meeting taking place before the end of this year.”
The port of Nacala is one of the ports with the best natural conditions along the East African coast, but it has been little used, which could change if a new coal terminal is built there as part of the projects of Brazilian mining company Vale.
JICA is also involved in the Nacala Corridor development project, specifically the road that is part of the project, as well as taking part in the Prosavana project in partnership with Brazil, which is also being carried out along the Nacala Corridor. (macauhub)