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Mozambique to Invest $115 Million in Fishing Ports, AIM Says

Dec. 7 (Bloomberg) -- Mozambique will invest $115 million to rehabilitate fishing facilities at the Beira and Maputo ports by 2019, Agencia de Informacao de Mocambique reported, citing Herminio Tembe, spokesman for the Fisheries Ministry.

About $100 million will be spent at the central Beira terminal, while $15 million will go to the southern port of Maputo, the state-run news agency said. The work will include new handling, refrigeration and processing facilities, Tembe told AIM.

To contact the reporter on this story: Fred Katerere in Maputo at pmrichardson@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.

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