Maputo, Mozambique — MININGREVIEW.COM — 26 April 2011 – The governments of Mozambique, Zimbabwe and Botswana have signed a memorandum of understanding to develop the construction project of a deep-water port in the Techobanine region of Mozambique’s Maputo province.
Daily newspaper Noticias reports from here that the project includes an inter-connecting railway line to the interior. The new port and railway line will be the region’s transport backbone, and the main commodity it will carry is export coal.
Among the other goods expected to make use of this corridor are oil, gas, agricultural products, fertiliser and other minerals.
Information published last week when the memorandum was signed, set 2012 as the target for the possible launch of the project, which has an estimated cost of US$7 billion. The project is expected to take around four years to build on area of 30,000 hectares, 11,000 of which will be earmarked for industrial units.
Notícias also reported that Mozambique’s transport and communications minister, Paulo Zucula said that the private sector would likely provide funding for the project’s execution.