[2019-11-06] Mozambican government launches public tender for real estate project

Source: Macauhub

The Government of Mozambique within the next three months plans to launch a public tender for the construction of a real estate project of state-owned airport company Aeroportos de Moçambique, said the Minister of Transport and Communications, Carlos Mesquita.

The real estate project, due to be built on an area of approximately 35 hectares in the Costa do Sol neighbourhood, on the outskirts of Maputo, “has undergone some changes” in its initial design, said the minister, to adapt to the current reality.

“The model of the soon to be launched tender will allow Aeroportos de Moçambique to secure funds and partners for the project, and the investor will have to take on the risk related to project implementation,” he said.

Mozambican newspaper O País reported that this real estate project in the Costa do Sol neighborhood requires financing of US$250 million from abroad.