Nine large companies from China are due to arrive in Sao Tome and Principe to analyse, together with the government, the possibility of implementing large infrastructure projects, announced the Prime Minister of Sao Tome.
Patrice Trovoada also said it was possible that a Chinese company would be involved in building a deep water port, a Sao Tomean project with an estimated cost of over US$800 million, with work due to start this year.
The government of Sao Tome and Principe in October 2015 signed an agreement with the China Harbour Engineering Company Ltd. (CHEC) to be involved in the works of the deep-water port, to be built in Lobata, 12 kilometres from the Sao Tome capital.
Speaking on Sunday to the state media, Trovoada also announced that Sao Tome scholarship students in Taiwan would continue their studies in China.
Trovoada said students would complete their first semester in January in Taiwan and after that would be transferred to China.
About two weeks ago Sao Tome and Principe restored diplomatic relations with the PRC replacing its relations with Taiwan. (macauhub)