The Angolan government has authorized a direct adjustment of €449 million for the construction of infrastructure in three tourist development hubs in the country, to be financed by the Japanese Mitsubishi UFJ Financial Group.
According to presidential orders cited by Lusa, the largest tranche, worth €249 million, is earmarked for the design and construction of infrastructure as part of the Cabo Ledo tourism development project, a popular summer resort located about two kilometers from Luanda.
The other €200 million in financing will be used for the design and construction of infrastructure in the tourism projects in Baía do Quicombo, in the province of Cuanza Sul, and in the bays of Pipas, Três Irmãos, and Tômbwa, in the province of Namibe.
The Minister of Tourism, Márcio Daniel, is responsible for approving and validating contracts under these simplified contracting procedures, based on material criteria.
