Ambatovy Donates a Large and Modern Market to the Population of Moramanga

new Market Moramanga The new market inauguration.

Moramanga, November 23, 2017
The new municipal market of Moramanga, one of the country‚Äôs largest markets that have floors, was inaugurated and officially handed over to the Urban Municipality of Moramanga on Thursday, November 23, 2017, in the presence of the President of the Republic of Madagascar, Mr. Hery Rajaonarimampianina, and Ambatovy’s President, Mr. Stuart Macnaughton. The construction of this $ 3.5 million (about 10.5 billion Ariary) market was fully funded by Ambatovy through its Social Investment Fund.
‚ÄúAmbatovy is committed to delivering substantial benefits in terms of economic and social development, at the local, regional and national levels. It is with joy that we are handing over the market keys to the city of Moramanga,‚ÄĚ said Ambatovy‚Äôs President, Mr. Stuart Macnaughton.
Built on a total surface of 1.3 ha, this fully covered market of about 6,000m2 is composed of six solid buildings, two of which have floors. With a much higher capacity than the old one, this new market can accommodate over 1,000 sellers involved in different types of activities. The buildings also include standardized health facilities that are adapted for people with reduced mobility, as well as administrative offices.

This new infrastructure, which will be managed by the Urban Municipality of Moramanga, will contribute to improving the living conditions of the inhabitants of the city and of its surroundings by providing them with a market that meets sanitary and safety standards.

As a reminder, in 2012, Ambatovy established its $25 million Social Investment Fund to finance 17 social and infrastructure projects in its intervention areas. These include the Bazary Be market in Toamasina and the one in Brickaville, the renovation of the Technical High School of Toamasina, the household waste management projects in Moramanga and Toamasina, and the rehabilitation of a portion of road in Ambatondrazaka. This inauguration also follows on from the recent official handover of reconstructed buildings to the District of Moramanga. These projects were chosen in consultation with the local authorities and the Government of Madagascar.