Malawi government has signed a memorandum of understanding with Portugal’s largest builder Mota Engil for the construction of a port in Nsanje and two hydroelectric power stations. Mota said in a statement on May 26 that the projects would be public-private partnerships but gave no financial details. The statement said the memorandum covered the potential to construct the port and power stations and to operate the facilities. The memorandum also included its potential involvement in future mining exploration in Malawi, Nyasa Times reported.
According to the Memorandum of Understanding, Malawi intends to sign a Concession Contract for the design, construction, operation and maintenance of the port of Nsanje. Additionally, the memorandum adds the interest of Group Mota- Engil to participate in future concessions related to the mining industry in partnership with entities with recognised experience in the sector.
Monday, 2 June 2008
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