Mega-projects approved for years are still not running in Mozambique – IESE

funnies expect delays

(2015-07-10) A survey by the Institute of Social and Economic Studies (IESE) reveals that eight of the thirteen major projects approved in the last 13 years – or 60% of the value of approved mega-project investment – are still are not running, being “significantly delayed or cancelled,” according to the report.

Three coal projects approved for Tete, for example, are not running.

A preliminary assessment made in Gaza, Nampula, Tete and Cabo Delgado provinces indicates that roughly half of the total private investment projects approved and listed by the Investment Promotion Centre (CPI) are not running or are not known about locally.

Without confirmation from official sources, the IESE says it has no doubt that the failures of implementation stem from the international financial crisis and the problems of conducting investment properly in the country.

Source: O País

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