Consortium from Spain signs agreement to build 20 projects in Guinea-Bissau

20 November 2015

Spanish consortium “Ribert Investment & Business Trust/Indico PLC” will soon start construction of 801 low-cost houses in a suburb of Bissau, the capital of Guinea-Bissau, announced Roberto Mondejar, head of the business group.

The construction of social housing is one of 20 projects that the consortium intends to run in Guinea-Bissau, under an agreement signed between the Government of Guinea-Bissau and Roberto Mondejar, who heads the group of Spanish businessmen who on Wednesday began a four-day visit to the country.

The Minister of Economy and Finance, Geraldo Martins, said the projects mentioned were all associated with building infrastructure and would be financed through a pioneering model in Guinea-Bissau.

“For the first time in Guinea-Bissau we have a Private Investment Fund, which will be allocated considerable value and that transfers funds to enable companies to carry out works of public interest,” he said, expressing his conviction that the projects would change the face of Guinea-Bissau and lay foundations for sustainable and inclusive growth.

The twenty projects to be implemented by “Ribert Investment & Business Trust / Indico PLC” in Guinea-Bissau include construction of a new transport terminal, a slaughterhouse, in the Antula area and a bridge over the River Farim, north of Guinea-Bissau and where soon it will start exploration of phosphate deposits. (macauhub/GW)