In The Next Ten Years, Mozambique Needs To Invest $ 1,700 Million Annually In Network Infrastructure

Feb. 18, 2010 - PRLog -- In the next ten years, Mozambique needs to invest $ 1,700 million annually in its network infrastructure
The World Bank in its Diagnostic Program National Infrastructure in Africa (IACD) Mozambique needs to increase its annual investment in infrastructure from $ 700 million annually to $ 1,700 million over the next 10 years to align their infrastructure with the other neighboring countries.
Mozambique should invest $ 771 million annually in energy, transport 403, 331 in water and sanitation, 156 in information technology and communication and 61 in irrigation.
The Mozambican Public Works Minister Felicio Zacarias said the current shortfall in investment is due to the lack of financial resources, lack of skilled labor and reliance on foreign investment in such projects.
From our point of view, Mozambique has a number of advantages for companies that get established first. The country-specific risks must be minimized with a deep local knowledge and relationships with local partners that can ensure the success of these investments.
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