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July 3, 2007

Mozambique seeking Chinese investment in public transport sector

Source: Macau Hub

Beijing, China, 3 July - Mozambique wants to attract Chinese capital to the country's transport sector and would also like to host one of the special economic zones planned for Africa by Beijing, an official has said.

"We have interest in creating joint-ventures with Chinese firms that wish to invest in public transport," said Mozambique's ambassador to China, Antonio Inacio Junior.

In June, Transportes Publicos de Maputo (TPM) began operating four gas-powered buses in the Mozambican capital. The vehicles were built by Yutong in China.

Ambassador Junior also suggested that more Mozambican firms should enter partnerships with Chinese companies in projects to build roads, water supply networks and health facilities.

Full Story...

Posted by pichu at July 3, 2007 4:35 PM