Mozambican Finance Minister Manuel Chang and the Managing Director of the Saudi Development fund, Yossef Ibrahim al-Abdulrahman, on Thursday signed an agreement under which the fund will provide ten million US dollars to finance work on protecting Maputo from coastal erosion.The Saudi Fund is the second agency to support this project. Funds have also been pledged by the Arab Bank for Development in Africa (BADEA). Together the money promised is 22.5 million dollars.The Indian Ocean is visibly threatening the Maputo coast road. The sea defences are in a parlous condition, and many of the remaining trees on the edge of the beach have their roots exposed and are in danger of falling. Rising sea levels resulting from climate change could make matters much worse, threatening the very existence of coastal neighbourhoods such as Triunfo and Costa do Sol.Chang said the project will mitigate the effects of coastal erosion and guarantee the safety of public and private infrastructures. This would contribute to improving environmental conditions and to promoting tourism and leisure.This is the first agreement between Mozambique and the Saudi Development Fund. Chang said the Fund is also willing to finance the construction of two technical institutes and two technical schools in the northern provinces of Niassa and Cabo Delgado, as well as a new general hospital in the city of Nampula.
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