China Signs Rs90m Funding Boost to Local Projects
The
Seychelles Government has signed two new agreements with and the
People’s Republic of China in a ceremony held at the Ministry of Foreign
Affairs afternoon.
The
Minister for Foreign Affairs, Mr. Jean-Paul Adam, and the resident
Ambassador for China, Mr. Shi Zhongjun, signed a grant for 40 million
Yuan (approximately Rs90 Million) which forms part of Seychelles-China
Economic and Technical Cooperation Agreement and will go towards funding
existing projects being undertaken with the Chinese Government such as
the Glacis Primary School and residential housing projects like Corgate
Estate and Les Mamelles.
The second
agreement is for a solar panel street lighting project which includes
the provision of the renewable energy technology required.
“This signing is a further
testament to the relations we have with China… and a symbol that China
recognizes that in order to develop oneself, we must help develop the
world around us,” said the Minister,
“China has
recognized that one of the key vulnerabilities of Seychelles is our
vulnerability to the global price of fuel and has offered us assistance
to help reduce this dependency.”
The Chinese
Ambassador said that China considered Seychelles as one of its best
friends and will continue to provide assistance without any conditions.
“China
would like to go hand in hand with Seychelles to economic challenges…
Our cooperation will ensure that the more China develops, the more we
will have to share and contribute to the world,” Said the Ambassador.
The
Minister also said that, following lengthy discussions that have taken
place over recent months, the solar panel project will soon be at its
implementation stage.
0 comments :
Post a Comment