Mozambique, Zimbabwe, Botswana sign MoU to develop deep-water port

The governments of Mozambique, Zimbabwe and Botswana have initialled a memorandum of understanding (MoU) on the implementation of a tripartite project to develop a deep-water port at Techobanine, in Mozambique’s southernmost district of Matutuine. The project to develop the port and to build a rail link from Mozambique to land-locked neighbours Botswana and Zimbabwe would cost an estimated US$7.0 billion and would take ten years to complete after work begins, which could be as early as next year.