The World Bank will soon make 380 million dollars available for the improvement of the Port of Nacala and infrastructure linking Malawi and Mozambique, as part of industrial incentives in both countries.

The fund will be used to improve the logistics of transporting agricultural products from the production areas to the markets of the two countries, from the port of Nacala.

The Minister of Transport and Communications, Mateus Magala, who announced the fact on Tuesday in Nacala, said that the funding was intended to promote industrialization for sustainable and modern development between the two countries.

According to the source, 150 million dollars are for Malawi and the remaining 230 are for Mozambique "and this will connect the markets, it will bring more possibilities, making the corridor not just a transit or cargo corridor, but an industrialization corridor," he said.

Mateus Magala was speaking a few days ago at the end of a joint visit with two Malawian ministers, the Minister for Transport and Public Works and the Minister for Land and Urban Planning, to the rail-port infrastructures in Nacala.