Maputo, Mozambique, 6 May – A Public-Private partnership (PPP) has been set up between Mozambican state rail and port company, Portos e Caminhos de Ferro de Moçambique (CFM) and South Africa’s Grindrod and South Africa’s rail administration in order to increase rail cargo at the Mozambican port of Maputo, CFM’s chairman said, cited by Mozambican newspaper Notícias.
Rosário Mualeia said it was necessary to provide conditions to increase the amount of cargo handled at the port given that over the last eight years investments there totalled US$225 million.
The chairman of CFM also said that as a result of joint efforts it had been possible to carry 227,000 tons of coal and magnetite along the Ressano Garcia railroad, as compared to 277,000 tons in the same period of 2010.
A private management concession on the port of Maputo was granted to the Maputo Port Development Company (MPDC) in 2000 and it started operating in 2003. In 2007 when new shareholders joined the company it was modernised, expanded and became more competitive.
The government recently approved a concession contract for an additional 15 years starting in 2018 to allow for the execution of the Master Plan for Port Development, investments for which total US$750 million by 2030. (macauhub)