Subject: LUSA: Japanese aid finances Dili port reconstruction

03-03-2003 14:21:00. Notícia nº SIR-4737150

East Timor: Japanese aid finances Dili port reconstruction

Dili, March 3 (Lusa) - Prime Minister Mari Alkatiri has laid the first stone in the final phase of the rebuilding of the Port of Dili, a project financed by Japanese aid and valued at about USD 3 million.

In the presence Friday of Japanese and UN officials, Alkatiri said Timor is fortunate to be "a meeting point between oceans and continents" and is a nation "accustomed to facing the sea".

"The port's development is an important factor for our economy. With efficient and secure docks we offer better support conditions and can be a hub for the region's shipping".

Alkatiri praised Tokyo's "strategic vision" in supporting Timor's development and said this aid has been targeted at key sectors of the economy, such as energy, irrigation and highways.

Japan is Timor's largest donor nation and has already invested about USD 27 million of the USD 46 million it has pledged to assist in the new nation's economic rehabilitation and development.

ASP/CJB Lusa

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