US$309 million expansion, due to be completed by 2028, will double terminal’s annual handling capacity to 4.1 million TEU.
Lusofonia
Following recent discoveries, Mozambique currently regarded as one of world’s most desirable destinations for investment in hydrocarbon prospecting.
New concessionaire will guarantee transport of minerals and fuel along corridor, and manage mining terminal at Lobito port.
Electric machinery made in China in high demand as companies seek to reduce their carbon footprint.
African republic needs to import 575,000 metric tons of petrol, diesel and gas to ensure that its needs are met.
Chinese and foreign students will be able to attend same classes and take courses simultaneously, pooling resources from global universities in the agricultural field.
Planners estimate US$750 million required for mammoth project; financial aid also needed for new assembly headquarters.
Bigger airport will allow west African island republic to cater to larger aircraft and handle more than one flight at a time.
Drop in oil price led to reappraisal of economic relationship; old partners, like Brazilian conglomerate Novonor, gradually return to sub-Saharan republic.