The Corredor de Desenvolvimento do Norte (CDN – Northern Development Corridor) will no longer manage the port of Nacala, in Mozambique’s Nampula province, and will be replaced by recently created company Portos do Norte, according to Mozambican newspaper O País.
The managing director of CDN, Fernando Couto said that all the bureaucracy related to the transfer of management of the port of Nacala was practically concluded but declined to specify a figure for the transaction, saying only that it was millions of dollars.
Portos do Norte brings together six Mozambican companies and its majority shareholder is state port and rail management company Portos e Caminhos de Ferro de Moçambique.
CDN managed the port of Nacala for eight years.
According to the newspaper, CDN will operate in the railway sector and provide assistance and maintenance services, such as towing and cabotage. (macauhub)