Maputo, Mozambique, 15 June – The concession contract on the Mozambican port of Maputo to Companhia de Desenvolvimento do Porto de Maputo (CDPM) has been extended for 15 years, from 2018 to 2033, a government spokesman said Monday in Maputo.
According to government spokesman and Fisheries Minister, Victor Borges, the extension aimed to make it possible for the concession-holder to carry out the necessary investments to increase processing capacity to 48 million tons per year as of 2032, as compared to 10 million tons currently.
By 2033, the minister said, an estimated investment of US$750 million is expected, which should be enough to increase the port’s cargo processing capacity to 48 million tons per year.
The spokesman said that part of the US$750 million would be provided by the State but added that most of it would be provided by the three companies that made up the CDPM partnership.
CDPM, which has a stake of 57 percent, is made up of South Africa’s Grindrod and DP World from the United Arab Emirates, both with 48.5 percent and Mozambique Gestores with 3 percent.
State company Portos e Caminhos de Ferro de Moçambique has a 33 percent stake in the port and the remaining 16 percent is owned by the Mozambican state. (macauhub)