Saturday, June 15, 2024

World Bank invests 1.2 million dollars in transport infrastructure in Mozambique

In an effort to boost competitiveness and investment in national logistics corridors, the World Bank (WB) has announced a significant investment of around 1.2 million dollars in transport infrastructure in Mozambique. The announcement was made during the 19th Annual Private Sector Conference (CASP) in Maputo by the WB’s representative for transport project management, Emmanuel Taban.

The investments, spread over five strategic projects, aim to improve connectivity and promote trade, meeting the needs of the transportation and logistics sector. Among the projects underway are the rehabilitation and expansion of approximately 500 kilometers of the N1, a vital artery that connects the south to the north of the country, as well as the development of a new bus rapid transit (BRT) system in Maputo, aimed at improving urban mobility in the capital.

Emmanuel Taban also emphasized the focus on improving the climate resilience of road infrastructure in the provinces of Nampula and Zambézia, as well as the creation of green corridors to promote greater regional integration and reduce trade transaction costs between Mozambique and neighbouring countries.

CASP, organized by the Confederation of Economic Associations (CTA), in partnership with the government, aims to reflect on the progress and challenges of the Package of Economic Acceleration Measures and discuss the conditions of the business environment to make the country more competitive. The event, which takes place from May 15 to 17, will be attended by foreign businesspeople, delegations from various countries and thousands of face-to-face and virtual participants.

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