Concession on port of Maputo in Mozambique extended until 2023

5 August 2010

Maputo, Mozambique, 5 Aug – The Mozambican government, rail and port management company Caminhos de Ferro de Moçambique (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 Notícias reported Thursday.

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 Moçambique.”

The extension of the contract was signed Friday in Maputo by the Deputy Minister for Transport and Communications, Eusébio Saíde, representing the government, and by the chairs of the board of CFM, Rosário 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. (macauhub)