Mozambique and Malawi eye one stop border to increase trade volumes in Nacala Corridor

nacala corridor

Mozambique and Malawi eye one stop border to increase trade volumes in Nacala Corridor

Mozambique and Malawi are implementing road projects in order to establish a one-stop border between the two countries. This forms part of an initiative aimed at increasing trade volumes in the Nacala Corridor by 5% by 2017 and 15% by 2027.

The Nacala Development Corridor is envisioned to be an effective guideline for development, promotion of public and private investment, sustainable management of resources and strengthening of economic and social growth in the north regions of Mozambique bordering Zambia, Tanzania and Malawi and it represents the shortest distance between these countries. However, the corridor is being underused due to the poor conditions of the road.

“This is a project that is intended to increase traffic along the corridor. The feasibility study was funded by the African Development Bank (AfDB) for the rehabilitation of Liwonde-Mangochi section in Malawi. The aim of the project is to provide equally good road conditions from Lusaka (Zambia) to the port of Nacala via Malawi, while removing non-tariff barriers at border posts”, said an official source from the Mozambican Ministry of Transport and Communications.

The natural deep-water Port of Nacala is a trans-shipment hub for landlocked countries including Malawi and Zambia and has been used to handle regional exports of fertiliser, sugar, wheat and tobacco. Malawi is the biggest user of the port. The Nacala Development Corridor is owned by Portos e Caminhos de Ferro de Moçambique (CFM) and the Sociedade de Desenvolvimento do Corredor do Nacala, which hold 49% and 51% of the company, respectively.

Source: APA

If you like our posting and want to stay current, please follow our blog at: https://yukonservice.wordpress.com

or  click on our RSS Feed and suscribe  https://yukonservice.wordpress.com/feed/

Clearing Agent in Mozambique | Top Website | http://www.yukonservice.com | info@yukonservice.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s