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The Mozambican and South Korean governments have signed two loan agreements totaling $60 million to underwrite both the establishment of an Emergency Information Management System and the building of three photovoltaic solar power stations.
Mozambican Minister of Finance Manuel Chang and the Export-Import Bank of South Korea vice-president Sang Wan Byun signed the accords in the Mozambican capital Maputo.
Under the terms of the agreement, $35 million will be used to finance the construction of solar power stations in Muembe, Mecula and Mavago districts in Mozambique’s northern Niassa province.
The $25 million Emergency Information Management System is designed to improve the communications systems of the Mozambican police, fire brigade and emergency medical services and initially will be implemented in Maputo and the neighboring city of Matola, Maputo’s Agencia Informacao Mocambique reported.
In March South Korea signed a cooperation agreement for the management of urban solid waste and waste water with Mozambique’s Ministry for the Coordination of Environmental Action. The agreement, underwritten with $500,000 from the South Korean Ministry of the Environment, covered Beira and Dondo municipalities in Sofala province, Quelimane in Zambezia; Nampula and Nacala in Nampula; and Pemba in Cabo Delgado.
By. Joao Peixe, Deputy Editor OilPrice.com
Joao is a writer for Oilprice.com