Africa-Press – Mozambique. Mozambique and Zambia will sign a memorandum for the construction of a pipeline, an investment of US$1.5 billion (€1.3 billion), the Mozambican head of state announced today.
“The pipeline will allow the transport of petroleum products to the Zambian market, reducing the circulation of trucks on the roads,” Daniel Chapo declared during the opening of the 11th Mozambique Mining and Energy Conference (MMEC).
With a capacity to transport 3.5 million metric tons per year, the pipeline will connect the port city of Beira, in central Mozambique, and Ndola, the largest city in Zambia, a country without direct access to the sea.
The project includes the construction of storage infrastructure in both cities, the Mozambican head of state added.
The agreement for the project will be signed today, on the sidelines of the 11th Mozambique Mining and Energy Conference and Exhibition in Maputo, an event that will bring together experts, government officials from countries in the region, and other industry stakeholders.
“These milestones reflect not only the robustness of our reserves, but above all the environment of credibility, security and reform that we are consolidating in attracting the private sector to boost our economy,” President Chapo said.
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