Equatorial Guinea Marks National Day With Inauguration Of 5Th International Airport
Government promotes infrastructure development with 'new gateway' to country
MALABO, Equatorial Guinea, Oct. 15, 2012 /PRNewswire-USNewswire/ -- Equatorial Guinea marked its Independence Day October 12 with the inauguration of a new airport, the President Obiang Nguema International Airport, located at Mongomeyen, in the mainland province of Wele-Nzas. This is the country's fifth international airport, designed to connect the nation's geographically isolated areas to the main population centers.
"This new international airport, the fifth in our country, is a new gateway to the Republic of Equatorial Guinea," said John Nko Mbula, Minister of Public Works and Infrastructure, "and its opening marks a new milestone in the economic and social development of Equatorial Guinea."
President Obiang Nguema Mbasogo presided over the inauguration.Minister of Civil Aviation Fausto Abeso Fuma, called the new airport the best equipped in all of Central Africa. It has a runway 3,000 meters long that includes three turning loops, and it features an access road and new-generation navigation equipment. The runway can handle aircraft in the Boeing 747-400 class. The new airport took 72 months to complete and was fully funded by the Government of Equatorial Guinea, costing over 190 billion CFA francs. It is one of many recent government initiatives intended to promote economic and infrastructure development throughout the region. In addition to the President Obiang Nguema International Airport, the government of Equatorial Guinea also supervised the development of the new AU headquarters in Addis Ababa as well as the tourism complex, Elik Melen, in Bata. About Equatorial Guinea The Republic of Equatorial Guinea ( Republica de Guinea Ecuatorial) is the only Spanish-speaking country in Africa, and one of the smallest nations on the continent. In the late-1990s, American companies helped discover the country's oil and natural gas resources, which only within the last five years began contributing to the global energy supply. Equatorial Guinea is now working to serve as a pillar of stability and security in its region of West Central Africa. The country hosted the 2011 Summit of the African Union, 2012 Africa Cup of Nations and 2012 Leon H. Sullivan Summit. For more information, visit http://www.guineaecuatorialpress.com.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts