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You are here: HomePortuguese Speaking Countries News[2019-07-03] China funds urban renewal in the capital of São Tomé and Príncipe

[2019-07-03] China funds urban renewal in the capital of São Tomé and Príncipe

Source: Macauhub

The urban renewal of the city of São Tomé will be the subject of a study funded by China under one of two cooperation agreements recently signed in Beijing during a visit to China by the Minister of Foreign Affairs, Cooperation and Communities of São Tomé and Príncipe, Elsa Pinto, the local press reported.

The second cooperation agreement concerns a donation of 200 million yuan (about US$30 million) “for the execution of projects in the pipeline,” said Minister Elsa Pinto.

Cited by STP Press, the Minister for Foreign Affairs, Cooperation and Communities said that it was possible to “secure budget support of US$8 million that has already been unblocked, carry out preparatory studies on the construction of a second phase of social housing which increased the number of houses from 60 to 200 and the implementation of the airport extension project planned for this year. ”

Pinto spoke about a Chinese proposal to support a fishing port project, taking into account the maritime potential of the archipelago, as well as China’s willingness to promote cultural cooperation, especially through the Confucius Institute, including exchanges in the fields of art and sport, among others.

During the visit from 20 to 26 June, accompanied by some members of her office and São Tomé’s ambassador to China, Isabel Domingos, Minister Elsa Pinto also met with students from São Tome studying in China.