The Mozambican government this week unveiled the creation of the Millennium Challenge Account (MCA) Mozambique, a temporary institution responsible for managing 537 million dollars, of which 500 million come from the Millennium Challenge Corporation (MCC) of the United States of America. The MCA Mozambique will operate for the next seven years.
The MCC funding, known as Compact II, includes projects such as the construction of a new bridge over the Licungo River in Zambezia province and a ring road in the same province, which has been hit by cyclones in recent years.
The project for the new bridge over the Licungo River foresees the construction of a structure 1,800 meters long, located some 5,000 meters from the current bridge, and the creation of 16 kilometers of new access road to connect the bridge to the N1 National Road.
In addition, the MCC funding includes rural connectivity and transportation projects, including the construction of the Mocuba bypass, rural roads and road maintenance. There are also plans to invest in agricultural reforms and projects, such as the reform of the taxation of agricultural investments and the creation of the Zambézia Province Trade Platform.
The MCC is an external support agency funded by the US government, which provides grants to developing countries. This is the second grant awarded by the MCC to Mozambique since 2007, with the aim of promoting coastal connectivity and resilience in the country.
MCA Mozambique will be responsible for ensuring that the funds are used effectively and transparently, thus contributing to the country’s economic development.
