Finland supports transport sector
The Walvis Bay Corridor Group (WBCG) and the Embassy of Finland recently signed a N$889 600 funding agreement, which is aimed at developing the Walvis Bay Corridors and the Port of Walvis Bay further.
The ‘Enhancing the Trade and Transport Facilitation Capacity of Namibian Logistics Services Providers and Follow up Mission to Finland’ agreement was signed in Windhoek by the Finnish Charge d’ Affaires, Her Excellency Anne Saloranta and Daniel Nghidinua, board member of WBCG.
The overall objective of the agreement is to improve the baseline for operating conditions on specific transport corridors in southern Africa to stimulate economic growth. This project will also focus on training and development, trade and transport facilitation, and a follow – up mission to Finland, including participating in the Logistics Transport Exhibition. Funding received through the agreement will also go towards supporting the growth and development of small and medium enterprises in the transport sector.
The grant agreement stems from a strong relationship with the Finnish Embassy on possible collaboration and synergies on how best to support the development of the Walvis Bay Corridors and the Port of Walvis Bay in its quest to become the transport hub of choice for the SADC region and the rest of the world.
The WBCG continuously working to source funds for relevant projects, which can add value to the Walvis Bay Corridors.
This is the second time the Finnish Embassy provides funding to WBCG. Two years ago, the embassy also funded a tour of WBCG members to Finland as well as an Economic Benefit Study to assess the economic impact of corridor development activities in the medium to long term.
The agreement for the project which will be carried out over a year and a half, was signed as part of the Fund for Local Cooperation of the Embassy of Finland, which aims to eradicate poverty through economic, social and ecological development.
The WBCG is duly mandated by the Ministry of Works and Transport to be at the forefront of facilitating trade in the SADC region and the development of transport infrastructure and facilities.