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[Nightdaytrader]

Taiwan grants US$3 million to Sao Tome and Principe to build airport and deepwater port [ 2006-06-01 ]


Sao Tome, Sao Tome and Principe, 01 June - Taiwan has offered Sao Tome and Principe US$3 million for the West African island nation to extend its international airport and build its deepwater port, Sao Tome’s minister of Public works said Wednesday.

Delfim Neves was speaking at a parliamentary session that opened the debate on the program established by Tomé Vera Cruz’s government.

In his speech, Neves said that the work on the two infrastructures would be financed using cooperation funds from Taiwan, which did not have to be repaid, US$1.2 million of which would be for expanding the airport and US$800,000 for the deepwater port.

The tenders for the two projects will be launched this year, with work on the port due to begin in 2007 and the airport’s expansion the year after that.

As well as support for the infrastructure sector, Taiwan, which ahs already invested over US$90 million over 9 years of bilateral cooperation, is also helping Sao Tome in the health and education sectors. (macauhub)