South Africa’s Capital Projects to invest $780 million for road construction in Mozambique

Capital Projects, a South African firm, has announced plans to invest US$780m to fund the construction of a highway linking Mozambique’s southern province of Inhambane and South Africa as part of a strategic bid to boost tourism and trade between the two countries.

The construction of the Mapinhane-Pafuri regional road (N222), covers the provinces of Inhambane, Gaza, and Maputo, in southern Mozambique. The project is expected to kick-off in May next year and is scheduled for completion within three years.

According to Capital Projects representative, the company has US$780m available to build the 500km road, which connects Vilanculos district to the border between Mozambique and South Africa.

This funding has been obtained through a partnership between Capital Projects and China Harbor Engineering Company Ltd. (CHEC).The project for the construction of the road was launched a decade ago, and before this period, about $ 500,000 worth of feasibility study was invested.

This funding has been obtained through a partnership between Capital Projects and China Harbor Engineering Company Ltd. (CHEC).The project for the construction of the road was launched a decade ago, and before this period, about $ 500,000 worth of feasibility study was invested. “I want to announce that we have managed to raise this amount and we will be working with our strategic partner, the Chinese Engineering and Roads Company (CHEC) and construction work should start as early as 2018,” said Modise Khoza, Capital Projects representative.

“I want to announce that we have managed to raise this amount and we will be working with our strategic partner, the Chinese Engineering and Roads Company (CHEC) and construction work should start as early as 2018,” said Modise Khoza, Capital Projects representative.

However, China Harbor Engineering Company is involved in a US$1bn investment project to build a new port in Maputo province to serve Mozambique and neighbouring countries including South Africa.

Disclaimer
The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting such content (including texts, pictures, photos and diagrams) to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of any content/information (such as texts, pictures, photos and diagrams that infringe on any copyright) received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.
Top