The amount was agreed upon by the tourism and environmental ministers of Swaziland, Mozambique and South Africa, reports the Mozambique Information Agency (AIM).
The initiative, a bio-diversity and tourism project involving areas of the three countries, will be funded by the respective governments, who will provide around $40m, along with substantial private-sector contributions.
Money will go to the development of infrastructure such as roads and communications and electric power.
Mozambican Tourism Developing tourism infrastructure is key to the initiative`s success Minister Fernando Sumbana is quoted as saying that the initiative has not made much progress since its inception in 1999 due to concurrent projects such as the development of the Great Limpopo Transfrontier Park. However, he says that now the conditions are right to move forward. There are plans to link South Africa`s Tembe Park with the Elephant Reserve in Maputo as well as to extend the Ponta do Ouro in Mozambique along with the Greater St Lucia Wetlands Park in KwaZulu Natal.
