About US$3 billion is to be invested in the construction of a coastal shipping (cabotage) port at Chongoene in Mozambique and connecting rail lines with the Limpopo Corridor in Macarretane as well as extensions to structuring projects such as the heavy sands of Chibuto, in Gaza province and Jangamo in Inhambane province, Mozambican daily newspaper Noticias reported.
The daily newspaper quotes Leonardo Simão, chairman of Muyaque’s board of directors, who said in Beijing, where he took part in the China/Mozambique Business Forum, that there is already a partnership with China Railways International Group to bring the project to fruition.
Following the preliminary assessment, the two sides are currently discussing details to move forward to detailed studies that should determine the definitive costs, the time of construction and the return on investment.
The idea is that in addition to the port a railway and branchlines linking Inharrime and Chibuto should be built, because of the heavy sand projects, which alone helps to make the initiative viable.
According to Simão, there are other activities that can be made feasible because of the port and railway in areas such as agriculture, forestry and livestock.
Once the studies are completed, according to the source, they will be submitted to the government of Mozambique for a final decision. (macauhub)