More USD 250 million to the port of Nacala.
The Mozambican government has over 250 million North American dollars to finance the second phase of the Nacala port development project a loan from the Kingdom of Japan.
The credit formalization took place on Saturday 13/06/2015 in Maputo by the minister of economy and finances Adriano Maleia and the resident representative of the Japanese international corporation agency (JICA) Katsuyoshi Sudo.
The first phase of this project has consumed over 65.7 million dollars.
The objective of the second phase of the development of Nacala port is to raise the productivity in cargo handling through the improvement of port infrastructure. By implementing this project the annual cargo handling volume aims to increase to 5,071, 000 tons until 2020 starting from 1,639, 000 2011. The JICA is also implementing many other projects especially the construction of roads, power and social areas related to construction of schools health facilities etc.