Mozambique approves SA investment in port of Maputo

26 July 2007

Maputo, Mozambique, 26 July- The government of Mozambique has given the green light for a US$ 80 million investment by logistics and shipping firm Grindrod of South Africa to enlarge coal and vehicle terminals in the port of Maputo.

Mozambique’s transport and communications minister, Antonio Munguambe, announcing the authorization Wednesday, said the South African company, with a 95 percent stake in the coal terminal and a 12 percent shareholding in the port of Maputo, wants to expand the harbor facilities to ease congestion in South Africa’s docks.

Munguambe added that the Maputo coal terminal will have a capacity of 1 million tons per year when the enlargement work is finished in December and the vehicle facility will handle 63,000 cars per year, which could be increased if necessary.

Despite significant investments in South African ports, many facilities are overloaded and some operators could use Maputo as an alternative.

One of Maputo’s advantages is its proximity to South Africa’s Gauteng province, the location of the country’s commercial and economic capital, Johannesburg.

The Grindrod group owns a number of companies supplying integrated logistics solutions. (macauhub)