A Thai construction firm has been chosen to develop the $3 billion railway and port project in Mozambique to boost coal exports.
Bangkok-based Italian-Thai Development will construct the 525 km (325 mile) rail line from Tete province to Macuse in Mozambique’s Zambezia province and a port able to handle 25 million tonnes of cargo per year, according to a senior government official.
Twenty one companies, including miner Rio Tinto had bid for the project. Although the government has not yet officially announced the winning bid, Italian-Thai has already been notified that it has won the tender, says the official.
Source: IOL. For more information, click here.