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Concession at the port of Maputo in Mozambique extended to 2023
The Mozambican government, rail and port management company Caminhos de Ferro de Mo?ambique (CFM) and Companhia de Desenvolvimento do Porto de Maputo (CDPM) have signed an agreement to
extend the concession on management of the port of Maputo for a further
15 years in order to make it possible to carry out investments,
Mozambican newspaper Not?cias reported.
The concession on the port of
Maputo has been in place since April 2003 and was initially intended to
run until 2018. With this new extension until 2023 the MPDC can better
plan its investment of US$700 million in the port of Maputo.
The
paper reported that, “a part of the investment will be provided by the
Mozambican state, with the other, larger, part provided by the three
companies that are partners in the MPDC Maputo Development Corridor,
namely South Africa’s Grindrod, DP World of the United Arab Emirates and
state company Portos e Caminhos de Ferro de Mo?ambique.”
The
extension of the contract was signed Friday in Maputo by the Deputy
Minister for Transport and Communications, Eus?bio Sa?de, representing
the government, and by the chairs of the board of CFM, Ros?rio Mualeia,
and the MPDC, Ronnal Holtshausen.
Recent projections from the board
of the port of Maputo indicated that the port is this year expected to
process 8.7 million tons of cargo, which should rise to 26.2 million by
2015. By 2020 development projections for the port of Maputo point to a
cargo handling volume of 34.2 million tons per year.
The port of
Maputo is used to export steel, aluminium, iron-chromium, coal, forestry
products, granite, sugar, molasses, fruit and container cargo, and is
also used to import rice, alumina, fertilisers, oil, vehicles, container
and general cargo.
Source: Macauhub
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