Mozambique: South African group invests in port of Maputo

11 December 2008

Johannesburg, South Africa, 11 Dec – South African company Grindrod has announced a plan worth US$500 million to expand the container terminal at the port of Maputo to deal with 400,000 twenty foot equivalent (TEU) units in 2009 and the iron and chromium terminals to deal with over 5 million tonnes of product.

The vehicle terminal at the port will have its capacity increased four-fold over tem years to deal with around 250,000 vehicles per year, the Matola coal terminal will see its capacity increased to 10 million tonnes and a new terminal will be built for magnetite with an annual capacity of 6 million tonnes.

Other investments will be made in the general cargo terminals as well as to modernise the road and rail infrastructures in order to support 25 trains and 1,500 trucks per day.

The Grindrod in 2007 acquired a controlling stake in the port of Maputo in partnership with DP World from an international consortium led by British company Peel Ports. (macauhub)