Zimbabwe, Mozambique, Botswana sign multi-billion dollar port deal
By Online Desk President Emmerson Mnangagwa and his two counterparts, Mozambican President Filipe Nyusi and Botswana President Mokgweetsi Masisi will today preside over the signing of the tripartite agreement on the Techobanine deep water Port in Maputo. The project is budgeted at US$6,5 billion for the construction of the deep-water port in Matutuine district, and a 1 700km railway line linking Mozambique, Zimbabwe and Botswana. Its implementation has been under discussion since around 2011, with stalling having been attributed to lack of funding. Zimbabwean Ambassador to Mozambique Victor Matemadanda said the three leaders will put pen to paper while also discussing the way forward. Ambassador Matemadanda said following tomorrow’s signing and discussions, progress would start on the implementation of the project. Discussions for the railway line and electricity projects are already in progress
