Bank of Brazil expected to fund construction of dam in Mozambique

17 April 2013

The Bank of Brazil is expected to provide funding to build the Moamba Major dam, which will supply drinking water to Mozambican capital Maputo, said the national director for Water, Susana Saranga Loforte, according to Mozambican daily newspaper Notícias.

Noting that negotiations were going well and were in their final stages, Loforte said that work to build the dam, estimated to cost US$500 million, was due to begin in 2014 or 2015.

The national director for Water also said that the Bank of Brazil had already provided the funds for conclusion of the environmental impact study and the preliminary design project for construction of the Moamba Major dam, in the amount of US$8.5 million.

The dam will be built on the Incomáti river basin and it is expected that, with increased irrigation capacity and availability of water, it will be possible to carry out more commercial agriculture projects in the area.

In the meantime the authorities are considering taking water to Maputo from the Corumana dam, a project that still needs to be concluded.

The two projects are a response to growth of the Maputo metropolitan area, which includes the areas of the city of Maputo, Marracuene, Boane and Matola. (macauhub)

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