Industry News

Chinese Companies Could Build a Deep Water Port for African Nation

Nine large companies from China are due to arrive in Sao Tome and Principe (an island nation off the western coast of central Africa) to analyze the possibility of implementing large infrastructure projects, announced the Prime Minister of Sao Tome.

Patrice Trovoada also said it was possible that a Chinese company would be involved in building a deep water port, a Sao Tomean project with an estimated cost of over US$800 million, with work due to start this year.

The government of Sao Tome and Principe in October 2015 signed an agreement with the China Harbour Engineering Company Ltd. (CHEC) to be involved in the works of the deep-water port, to be built in Lobata, 12 kilometers from the Sao Tome capital.

At the beginning of 2017, Sao Tome and Principe restored diplomatic relations with China, replacing its relations with Taiwan.

Source: macauhub

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