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    Mozambique-Dam-Investment

    Mozambique courts foreign financiers to complete Maputo dam

    APA-Maputo (Mozambique)

    The Mozambican government is in talks with three international financiers for funds to complete construction of the Moamba-Major dam in Maputo province, an official said on Thursday.

    Water Resources Management director Messias Macie told the state-owned Notícias daily that the government is in the process of evaluating proposals from the three unnamed foreign partners with a view to selecting the best offer.

    “Right now there are three big competitors, all on a non-exclusive basis. The idea is that we will move forward with the first to come up with the best option, that allows work to be resumed as soon as possible,” he said.

    He said the evaluation process was expected to be completed soon in order to allow work to resume on the development of the dam.

    Dam construction works is currently on hold after the Mozambican government failed to raise a US$200-million contribution towards the project.

    The project is financed by the Brazilian National Economic and Social Development Bank and the Mozambican government is expected to make a contribution.

    The dam, whose first stone was laid in 2014, will have capacity of 760 million cubic metres and will control the flow of the Incomati River, improving water supply to the cities of Maputo, Matola and Ressano Garcia and generating 15 megawatts of electricity.

    CM/jn/APA

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