The contracts for construction of a port terminal in Macuse, in the central Mozambican province of Zambézia and the railway line lining the same region to the Moatize coal basin, in Tete province, were signed last Friday in Maputo.
Mozambican Transport and Communications Minister, Gabriel Muthisse and Premchai Karnasuta, of Thai Moçambique Logística, signed the two contracts, work on which, estimated to cost US$5 billion, is expected to begin in 2016 and take five years.
Thai Moçambique Logística is a consortium made up of Italthai Industrial Company Limited with a 60 percent stake, state port and rail company Portos e Caminhos de Ferro de Moçambique with 20 percent and the same percentage for Corredor do Desenvolvimento Integrado da Zambézia (Zambézia Integrated Development Corridor).
These projects are of vital importance to respond to the huge demand for transporting coal from Moatize, which is currently sent to the port of Beira, in the central province of Sofala.
The Sena railroad, which links Moatize to the port of Beira, only ahs enough capacity to carry 6.5 million tons per year, which falls far short of the 100 million tons that the mining groups plan to export by 2025. (macauhub)