Nacala Port Loan Deal Signed

The Japanese Government has agreed to provide Mozambique with a loan of about $280 million for the second phase of the northern port of Nacala development project.

The memorandum was signed by Deputy Foreign Minister Nyeleti Mondlane and Japanese ambassador Akira Mizutani in Maputo yesterday.

The first phase of the rehabilitation project began in March 2013, and the second phase is scheduled to begin this month. It includes, among other work, continued dredging of the north quay, land reclamation and leveling and paving the container terminal. The contract was awarded to the Japanese company, Penta Ocean Construction.

This is the final loan from Japan for the Nacala port development project. The first credit disbursed in 2012 was for $30 million, followed by a second in 2013 for $70 million.

The loan has a repayment period of 30 years, with a ten year grace period, and an interest rate of 0.01 per cent.

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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