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Money Will Be Raised for Tete Development

Funds will be available to implement the Strategic Plan for the development of the western Mozambican province of Tete, said Prime Minister Luisa Diogo on Monday, at the end of a provincial conference to launch the document, that took place in the town of Songo, overlookng Tete's most important economic asset, the Cahora Bassa dam.

The entire plan, to be implemented between 2007 and 2011, is budgeted at two billion US dollars. Diogo said that 84 per cent of this sum is earmarked for the construction or rehabilitation of social and economic infrastructures, which are the responsibility of the state.

"When I talk about the state, I am counting on our internal capacity, and our ability to raise money abroad", she said. "We have very strong partners in the area of infrastructures, such as, for instance, the World Bank. That is why we will count on them to complete what the state is unable to do with its own capacity".

She also stressed the role of private national and foreign capital, stressing the importance of partnerships wuith foreign investors - such as is currently happening with the Indian consortioum Rites and Ircon International, which is rebuilding the Sena railway line that runs from the port of Beira to the Moatize coal mines in Tete.

"For the Mozambican government, the public and private business community and civil society at large are the driving force for the implementation of the Strategic Plan for the Development of Tete", she said.

"It is up to the business community to continue identifying other business opportunities that will give comparative advantages in the international market", Diogo continued. "The state will continue to act as a facilitator and regulator in pursuing this goal".

The deputy chairperson of the Mozambican Confederation of Business Associations (CTA), Rogerio Manuel, told reporters he thought the strategic plan was well designed, despite some disparities in the distribution of financial resources.

"We in the CTA called, during the debates, for an analysis of redistributing the investments", he said."As for carrying out of the plan, I still have many doubts, because the deadlines are very tight which leads us to think that some of the actions will not be completed".

SOURCE: AIM


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