NewzThe government of Malawi signed a $20 million agreement with the Chinese firm Hongtai Investment Group on Monday to modernize shipping infrastructure on Lake Malawi. The project includes the procurement of two new marine vessels and the renovation of an existing shipyard to improve transport capabilities on the lake.
This initiative is intended to enhance maritime logistics and connectivity within the region. By upgrading both the fleet and the supporting shipyard facilities, the agreement seeks to address current infrastructure limitations and facilitate more efficient movement of goods and passengers across Lake Malawi.
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