A project of sun Line Mozambique for the Manga Mugassa Economic Area, in the Mozambican city of Beira, has been approved by the Office for Economic Areas with Accelerated Development (Gazeda), the Mozambican press reported.
The project of Sun Line Mozambique, a subsidiary of Chinese group Sun Line International Logistics, intends to develop logistics systems for transporting copper and other minerals, and its initial investment is estimated to total US$1 million.
This is the second project Gazeda gas approved for the Manga Mungassa Economic Area, and will be managed by Chinese company Dingsheng International Investment, with headquarters in Hong Kong. The company ahs announced investments of US$500 million in developments in the area.
Sun Line International Logistics was founded in 2001 and has its headquarters in Beijing. It currently has branches in Shanghai and Tianjin, a partnership in Zambia, a subsidiary in Mozambique and representative offices in Durban, South Africa, Dar es Salaam, Tanzania, Myanmar, Russia and some Asian countries. (macauhub)