{"id":46794,"date":"2023-09-16T19:04:02","date_gmt":"2023-09-16T19:04:02","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/new-mcc-compact-includes-zambezia-bridge"},"modified":"2023-09-16T19:57:07","modified_gmt":"2023-09-16T19:57:07","slug":"new-mcc-compact-includes-zambezia-bridge","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/new-mcc-compact-includes-zambezia-bridge","title":{"rendered":"New MCC compact  includes Zambezia bridge"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>Zambe\u0301zia will be the main target of the $500 million project of the US agency Millennium Challenge Corporation (MCC) in Mozambique, the final version of which has been delivered to Congress, including a new bridge on the Licungo River.<\/p>\n<p>In the notification sent to the US Congress by the MCC on 16 August, consulted today by Lusa, it is stressed that that \u201chighly impoverished\u201d province in central Mozambique is 1,000 miles (1,600 kilometres) from the \u201cepicentre of the conflict in Cabo Delgado\u201d, the northern province affected in the last six years by terrorist attacks, and which will be the \u201ctarget area\u201d for this investment.<\/p>\n<p>The MCC, an external support agency funded by the US government and which provides grants for a fixed period to developing countries, plans to sign the agreement for this funding on 21 September in the presence of Mozambique\u2019s President Filipe Nyusi.<\/p>\n<p>The MCC board of directors announced this funding compact, called the Mozambique Coastal Connectivity and Resilience Pact, the second since 2007, last June, this time focusing on improving transport networks in rural areas, encouraging commercial agriculture through political and fiscal reforms and improving coastal livelihoods through climate resilience initiatives.<\/p>\n<p>The total funding for projects already identified by the MCC will be $500 million (\u20ac465.7 million), with disbursements due to start in the 2023 fiscal year, plus the Mozambican government\u2019s contribution of $37.5 million (\u20ac35 million).<\/p>\n<p>The information sent by the MCC to members of Congress highlights the project for the new bridge over the River Licungo and the construction of the Mocuba bypass as the main priority for transport in Zambe\u0301zia.<\/p>\n<p>The MCC funding will enable the construction of \u201ca major new bridge of the highest standard\u201d, which will replace the current crossing, now almost 80 years old, diverting traffic from the town of Mocuba to a new location via a 16-kilometre bypass.<\/p>\n<p>Overall, the MCC allocates $310.5 million (\u20ac290 million) to Rural Transport and Connectivity (CTR) projects, including the bridge over the River Licungo and the construction of the Mocuba bypass, a project valued at $201 million (\u20ac187.7 million). Almost $83.5 million (\u20ac78 million) is earmarked for the construction of rural roads and $11 million (\u20ac10.3 million) for road maintenance, among others.<\/p>\n<p>The Reforms and Investment in Agricultural Projects (PRIA) component has been allocated $30 million, half of which is for the Agricultural Investment Tax reform package, and the other half is for setting up the Zambe\u0301zia Province Commercial Aggregation Platform.<\/p>\n<p>\u201cThe PRIA project will support the government of Mozambique with a series of political and technical reform measures and assistance to increase the ease and decrease the cost of doing business in the national agricultural sector, including a new tax code for agricultural taxpayers and an improvement in VAT and in the reimbursement model in the sector,\u201d the document said.<\/p>\n<p>The third structural component of this investment is aimed at Coastal Livelihood and Climate Resilience (CLCR) projects, worth $100 million, to strengthen productivity \u201cthrough sustainable increases in fish and shellfish harvesting and through non-extractive activities\u201d but also using \u201csustainable ecosystem benefits, such as carbon credits and coastal protection benefits\u201d.<\/p>\n<p>The CLCR is organised into two activities, \u201cCoastal Livelihoods\u201d, to \u201chelp local communities better manage\u201d fishing activity, update practices, fishing gear and the supply chain, and \u201cClimate Resilience\u201d, which aims to \u201cprotect and restore critical habitats through co-management with local communities, conservation and creation of protected areas, reforestation initiatives and through carbon finance opportunities\u201d.<\/p>\n<p>\u201cRecognising the differences in development approaches between the CLCR project and the recent growth of heavy sands mining along Mozambique\u2019s coastal zones, the government has committed not to authorise mining concessions and operations in the CLCR project zones and (&#8230;) to follow all laws in force in Mozambique, including those related to the protection of sensitive ecosystems, intensifying the inspection and monitoring of mining activities in progress in areas close to sensitive ecosystems,\u201d the document also states.<\/p>\n<p>MCC added that it has developed \u201cprojects that will strengthen economies that depend on agriculture and fishing but are limited by connectivity and safe access\u201d.<\/p>\n<p>\u201cThe Compact presents three projects that meet MCC\u2019s broad investment criteria, including an estimated economic rate of return of 14.7%,\u201d it also said.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. Zambe\u0301zia will be the main target of the $500 million project of the US agency Millennium Challenge Corporation (MCC) in Mozambique, the final version of which has been delivered to Congress, including a new bridge on the Licungo River. In the notification sent to the US Congress by the MCC on 16 [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":46793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-46794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>New MCC compact includes Zambezia bridge - Mozambique<\/title>\n<meta name=\"description\" content=\"Zambe\u0301zia will be the main target of the $500 million project of the US agency Millennium Challenge Corporation (MCC) in ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/new-mcc-compact-includes-zambezia-bridge\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New MCC compact includes Zambezia bridge\" \/>\n<meta property=\"og:description\" content=\"Zambe\u0301zia will be the main target of the $500 million project of the US agency Millennium Challenge Corporation (MCC) in ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/new-mcc-compact-includes-zambezia-bridge\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-16T19:04:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-16T19:57:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/09\/sm_1694877755.229977.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"505\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/new-mcc-compact-includes-zambezia-bridge#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/new-mcc-compact-includes-zambezia-bridge\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"New MCC compact includes Zambezia bridge\",\"datePublished\":\"2023-09-16T19:04:02+00:00\",\"dateModified\":\"2023-09-16T19:57:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/new-mcc-compact-includes-zambezia-bridge\"},\"wordCount\":696,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/new-mcc-compact-includes-zambezia-bridge#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/09\/sm_1694877755.229977.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/new-mcc-compact-includes-zambezia-bridge#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/new-mcc-compact-includes-zambezia-bridge\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/new-mcc-compact-includes-zambezia-bridge\",\"name\":\"New MCC compact includes Zambezia bridge - 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