China Kingho Group will finance work on a coal terminal at Beira port and an upgrade of the Sena railway line linking the Moatize coal mines, state controlled newspaper Noticias reported, citing Huo Qinghua, chairman of the company, Bloomberg reports. The company will invest $20 million in the first phase of the project, the Maputo-based daily reported, citing the executive speaking to Mozambique president Armando Guebuza, who is on an official visit to China.
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