Potential investors meet in Eat Timor to analyse construction of port and airport

11 March 2013

A conference intended to find partners for construction of Eat Timor’s new port and airport has taken place in Dili, organised by the Timorese government with the support of the International Financial Corporation (IFC), of the World Bank Group.

“This conference served to invite potential investors to come to Timor to take part in the new projects, namely construction of the port of Tíbar and the new Nicolau Lobato international airport,” said the Timorese Minister for Transport and Communications, Pedro Lay.

Around 100 people took part in the conference, including 20 national and international investors.

The port of Tíbar and Nicolau Lobato airport were identified as strategic construction projects in the East Timor Strategic Development Plan for the period between 2011 and 2030.

The IFC is a branch of the World Bank focused on providing loans and taking stakes in some companies, in order to support growth of the private sector in developing countries. (macauhub)