Hi malmanu. Company Update 22/01/18. The purpose of the MOU is...

Hi malmanu.

Company Update 22/01/18. The purpose of the MOU is to provide a framework for cooperation between the Parties and their joint venture partners in order to establish the required consortium of expertise to fund or assist in sourcing the funding to construct the infrastructure and to bring the Project into operation.
Tidfore has signed a joint Venture Framework Agreement ('JV') with China Civil Engineering Construction Corporation ('CCECC'). Tidfore has responsibility for the port construction and CCECC for the railway construction and assisting Cam Iron and Congo Iron S.A. the financial institutions to negotiate project loans and project financing.
In other words, SDL ( Cam Iron and Congo Iron are looking to finance the Port and Rail through the Chinese companies. In my Opinion.

Regards
Westcott.