The government of the Netherlands will help pay to build a road to the port of Beira and low-cost housing, according to memos signed at the end of an investor conference, said the mayor of the Beira Municipal Council.

Daviz Simango said the Embassy of the Netherlands had pledged to provide technical support and pay half of the US$250,000 needed to build the access road.

With regard to low-cost housing, Simango said each house was expected to cost from US$1,000 to US$1,500, and that the municipality was studying its viability in order to minimise costs, and that various solutions would be presented on 20 August 2016, according to Mozambican daily newspaper Notícias.

Speaking after the meeting organised by the Beira Municipal Council and port and rail company Portos e Caminhos de Ferro de Mozambique (CFM), which for two days brought together a variety of people and national and international banking institutions, Simango said he was optimistic that the meeting’s objectives would be achieved. (macauhub/MZ)