China Road & Bridge Corporation expresses interest in building port in São Tomé and Príncipe

The China Road & Bridge Corporation (CRBC) expressed interest in taking part in projects aimed at building a deep water port and modernising the airport São Tomé and Príncipe, a company representative said on Thursday in São Tomé.

Zhang Weimin made the announcement at the end of an audience granted to him by the President of São Tomé and Príncipe, Evaristo Carvalho and stressed his company was also interested in participating in other infrastructure projects.

The statement from the representative of the CBRC, who was accompanied by Chinese businesses attache in São Tomé, Wu Yi, came 48 hours after the Sao Tomean Prime Minister announced the arrival of nine major companies from China in the archipelago to analyse in large infrastructure projects.

With an estimated cost of about US$800 million, the first deep water port in the country will be built in the Fernao Dias area, Lobata district 12 kilometres from the São Tomé capital, while the modernisation of the international airport is estimated to cost just over US$15 million.

São Tomé and Príncipe and the Republic of China re-established diplomatic relations about two weeks ago, at the expense of Taiwan who previously supported the archipelago with a financial package estimated at US$16 million dollars annually. (macauhub)