Mozambique. According to
countryaah, President Armando Guebuza has invested
heavily in infrastructure projects to promote in-country
communications and mineral extraction. Two major rail
projects to transport coal to the sea from mines in the Tete
Province received their funding. The European Investment
Bank lent EUR 65 million for a railway to Beira and
upgrading, including dredging, of the worn port there. In
total, the project is estimated at EUR 195 million. Later,
the EU, like the Netherlands and Denmark, entered a total of
EUR 500 million in a railway to the northern port of Nacala
in a project to be completed in 2015.
At the beginning of the year, Brazilian mining company
Vale and Australian Riverdale had signed a total of € 1.58
billion for coal mining in Tete. After more than 30 years of
work, a 2.5 km long bridge across the Zambezi River was
inaugurated in August, which dramatically improved
communications between the country's southern and northern
parts. The long wait for a ferry could previously delay a
trip of up to a few days.
A planned building of an oil refinery for EUR 5.6 billion
had to be relocated because it was placed too close to
sensitive nature conservation areas, including an elephant
sanctuary. The construction is still expected to be
completed in 2014.
Although there is dissatisfaction with the lack of jobs
and housing, President Guebuza and the FRELIMO government
party were nonetheless rewarded for the economic progress of
superior victories in the general elections in October.
Guebuza was re-elected for a second five-year term with
about three-quarters of the vote, and FRELIMO strengthened
its already large majority in Parliament with over 70
percent of voter support.