The Mozambican government and the South Korean Eximbank on 26 May signed two loan agreements in
The agreements were signed by Finance Minister
Speaking at the signing ceremony, Chang said that, according to the
"Implementation of this long desired project will empower the development of that area, significantly improving the lives of the people living there, stimulating the extractive industry, and encouraging tourism in the coastal areas", said the Minister.
Moma is already a centre for titanium mining: the Irish company, Kenmare resources, operates a dredge mine there, exploiting the titanium rich heavy mineral sands.
As for the new landfills, Chang said they will give
This project will include a centre to recycle waste, and to produce biogas from garbage. Chang said this would provide a source of employment and income.
For his part, Yim said he was anxious to see progress in constructing the landfills, in order to provide a healthier environment for residents of
The first loan agreements with
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