Maputo, Mozambique, 9 June – Port management company Sociedade de Desenvolvimento do Port de Maputo is investing US$100 million in a project to modernise and expand the Matola Coal Terminal (TCM), according to a report in Mozambican newspaper Notícias.
At the same time, around a further US$70 million will be applied to fund a dredging operation in the port to receive ships of up to 85,000 tonnes in weight, the paper said.
The project to modernise and expand the Matola Coal Terminal aims to provide the facility with capacity to process at least 6 million tonnes per year, mainly in coal and magnetite exports from Mphumalanga and Phalaborwa, as current capacity stands ar 2 million tonnes per year.
Whilst work is underway at Matola, the coal will processed at an area in the port of Maputo provided to TCM, under the terms of a five-year agreement.
Speaking to Notícias, Ronald Herman, the director general of Sociedade de Desenvolvimento do Porto de Maputo said that by increassing capacity at the terminal there would be na opportunity for rail and port company Portos e Caminhos de Ferro de Moçambique (CFM) to transport 4.5 million additional tonnes of cargo, which would lead to na additional 130 ships entering the port of Maputo every year.
Since April 2003 Sociedade de Desenvolvimento do Porto de Maputo has been involved in 12 projects with significant economic impact, which are expected to cost a total of US$273 million in construction contracts awarded to Mozambican companies.
The investment will also make it possible for 11.5 million additional tonnes of cargo to be handled every year, whether transported by rail or road to the port of Maputo and around 57,000 additional voyages available per year for Mozambican road freight operators. (macauhub)