Mozambican government approves concession for coal terminal in Beira

31 July 2014

The Mozambican government has approved a law that sets out the terms of the concession contract for the coal terminal at the port of Beira, in central Mozambique, to Sociedade Comercial New Coal Terminal Beira, which involves public-private investments, Mozambican news agency AIM reported.

The Deputy Minister for Foreign Affairs, Henrique Banze, said that the measure is intended to keep up with the rate of economic growth in Mozambique, particularly in terms of mining resources, such as coal, which needs appropriate infrastructure to transport large volumes.

Modernisation of the port and its expansion will allow the port to handle around 20 million cubic metres of cargo, as compared to 6 million cubic metres at the moment, Banze said cited by AIM.

The contract outlines that the concession-holder has to carry out construction work and once the port is operating it should provide a public transport service for coal and other minerals.

The contract has a 30-year lifetime after which the operator will hand over management to the Mozambican State. (macauhub/MZ)