Revenues at Mozambican rail and port management company CFM rise 20 pct in 2011

29 March 2012

Revenues at Mozambican state rail and port management company Empresa Portos e Caminhos de Ferro de Moçambique (CFM) in 2011 rose 20 percent against the previous year and totalled 1.645 billion meticals, according to Mozambican newspaper O País.

The newspaper reported that the growth was due to increased handling business at Mozambican ports in 2011, of more than 19 million metric tons, as compared to 14 million in 2010, and transport of 7.2 million liquid tons, as compared to 5.2 million in 2010, which represents growth of 37.3 percent.

The chairman of the Board of Directors of CFM, Rosário Mualeia, also said at a meeting held in Pemba, Cabo Delgado, that the trains carried 4.1 million passengers in 2011, as compared to 3.5 million in 2010, which was a rise of 14.7 percent.

Mualeia also said that the project to dredge the access channel into the port of Beira had been finished making it possible for large draft ships, with capacity of 60,000 tons, to moor. (macauhub)