Mozambican state rail and port company to build another coal terminal at port of Beira

28 July 2011

Maputo, Mozambique, 28 July – Mozambican state rail and port company, Portos e Caminhos de Ferro de Moçambique (CFM), plans to build a new coal terminal at the port of Beira, in Sofala province, with capacity to process between 12 and 20 million tons of coal per year, the company said.

In an announcement published in the Mozambican press, the company said it planned to hire a consultant to support financing negotiations for the project, as well as to prepare all the internationally-accepted documentation to be presented to banks.

The state company said its aim was to meet the needs for transporting coal that is being mined in Tete province, exports of which are due to begin this year.

The move comes at a time when Portos e Caminhos de Ferro de Moçambique has announced conclusion of emergency dredging at the port of Beira.

The announcement adds that the project will be carried out by a “vehicle for a specific purpose” that ahs yet to be established, a company with restricted business activities that will have a limited lifespan and that will limit the financial risk to which the principal company is exposed. (macauhub)