- The government of Mozambique is confident that the construction project of the Beira corridor will be completed this year, following the signing of a loan agreement with the European Investment Bank (EIB).
The loan agreement to the value of 65 million euros will help the country complete the reconstruction work on the Sena railway line and the access channel to the port of Beira, expanding Mozambique's trade links with the rest of the world.
Mozambique’s Finance Minister, Manuel Chang, said of the money signed for, 43 million euros will be used for the Sena railway line, linking Beira, by the sea, and the interior across 655 kilometres, while the rehabilitation of the port will receive 22 million euros.
He said the financing will bring a significant change in the freight and transport service, making Mozambique one of the better trade links for the region with the world.
The agreement was signed by Mr Chang on behalf of the Mozambican government together with the EIB Vice President, Plutarchos Sakellarishave.
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