The government of Mozambique in collaboration with the Export-Import Bank (Eximbank) of South Korea has signed US$124m two loan agreements for the construction of roads and landfills. The agreement was signed on Monday by the finance minister Manuel Chang and the Vice-president of Eximbank, Yim Seong-hyeog.
One of the loans, US$74m has been set aside for the construction of the roads between the town of Nampula and the town of Nametil, capital of Mogovolas district. The other US$48m has been allocated to combat the urban solid waste from the capital city of Maputo and the neighboring Matola.
According to the National Roads Administration (ANE), it will take a period of two years to complete the 74-kilometre long Nampula-Nametil road. The finance minister said that the implementation of the project will empower the development of that area which will in turn improve the livelihoods of the people living in the region. It will also improve tourism along the coastal area of Moma and Angoche.
As for the new landfills, Chang said they will give Maputo and Matola modern facilities to dispose urban solid waste. They will be able to handle 1,400 tons of waste a day.
The project will include a centre to recycle waste, and to produce biogas from garbage providing a source of income and employment to the people living in the area.