{"id":432327,"date":"2011-05-30T04:57:19","date_gmt":"2011-05-30T04:57:19","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/05\/30\/saudi-fund-pledges-support-for-coastal-protection\/"},"modified":"2011-05-30T04:57:19","modified_gmt":"2011-05-30T04:57:19","slug":"saudi-fund-pledges-support-for-coastal-protection","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/05\/30\/saudi-fund-pledges-support-for-coastal-protection\/","title":{"rendered":"Saudi Fund Pledges Support for Coastal Protection"},"content":{"rendered":"<div readability=\"25.1514678326\">\n<hr class=\"thin clear\" \/>\n<hr class=\"thin clear\" \/>\n<p><a href=\"http:\/\/www.poptel.org.uk\/mozambique-news\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" src=\"http:\/\/allafrica.com\/img\/static\/publishers\/minibanners\/aim180.jpg\" alt=\"Agencia de Informacao de Mocambique (Maputo)\" title=\"Visit Agencia de Informacao de Mocambique (Maputo)\" \/><\/a><\/p>\n<p>27 May 2011<\/p>\n<hr class=\"thin clear\" \/>\n<p>Maputo \u2014 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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>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 Cano Delgado, as well as a new general hospital in the city of Nampula.<\/p>\n<p><\/p>\n<fieldset>\n<legend align=\"center\"><strong>More News on allAfrica.com<\/strong><\/legend>\n<\/fieldset>\n<p>AllAfrica &#8211; All the Time<\/p>\n<hr \/>\n<\/div>\n<\/p>\n<p>Link:<br \/>\n<a target=\"_blank\" href=\"http:\/\/allafrica.com\/stories\/201105300195.html\" title=\"Saudi Fund Pledges Support for Coastal Protection\" rel=\"noopener noreferrer\">Saudi Fund Pledges Support for Coastal Protection<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 27 May 2011 Maputo \u2014 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). <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-432327","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Saudi Fund Pledges Support for Coastal Protection - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/05\/30\/saudi-fund-pledges-support-for-coastal-protection\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Saudi Fund Pledges Support for Coastal Protection - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"27 May 2011 Maputo \u2014 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. 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