Maputo Mocambique, 30 Dec – Around US$395 million were invested between September 2010 and November 2011 in Nacala-Porto, in Mozambique’s Nampula province, as part of the Office of Economic Development Areas, Mozambican newspaper Notícias reported Friday.
The Mayor of Nacala-Porto, Chale Ossufo, told Mozambican news agency AIM that the investment had been made by 39 companies that were setting themselves up in the city, within the context of Gazeda, a government initiative that intends to speed up development of the region, which has one of the main natural deepwater ports in southern Africa.
Amongst the projects being carried out in Nacala-Porto is a large coal terminal belonging to Vale Moçambique, which will initially employ around 400 people.
Brazilian-owned Vale Moçambique want a port with capacity to load up 260,000 tons of coal at a time, instead of the maximum 35,000 tons that can be shipped at the moment via the port of Beira, in the central province of Sofala. (macauhub)