The port of Maputo will receive investment of around US$400 million to improve conditions, the commercial director of port management company Sociedade de Desenvolvimento do Porto de Maputo (MPDC), Johann Botha said Wednesday in Maputo.
Celebrating the port of Maputo’s 110th anniversary and the 10th anniversary of the concession, Botha said that by improving conditions at the port the management company plans to respond to the increase in cargo, which in 2012 totalled 15 million tons.
Botha also said that the investment would focus on work to repair and build support facilities and to purchase 12 new shovel loaders (six of which have already been installed), which will reduce unloading time at Mozambique’s largest port.
In the next five years, the MPDC expects investment in the port to total US$1.7 billion and, in 2020, processed cargo should total 20 million tons.
The MPDC was founded in 2003 and its shareholders are state port and rail company Portos e Caminhos de Ferro de Moçambique (CFM), with 49 percent of the consortium and South Africa’s Grindrod and Dubai Ports World, with 51 percent. (macauhub)