Mozambique’s port and railway company sees average growth of 25 pct in the railway sector

9 April 2015

Mozambican state port and rail management company CFM in the last six months experienced average growth of 25 percent in the rail sector and 22 percent in the port sector, the company’s chairman said Wednesday.

Victor Gomes, speaking at the opening of the 19th meeting of the company’s Board of Directors, said the operating result in 2014 totalled 2.625 billion meticais (US$75 million), representing an increase of 41 percent compared to 2013 .

The chairman of CFM also said that cargo handling in the terminals under the company’s management – fuel, grains and aluminium – last year reached 5.8 million tons, an annual growth of 3 percent.

The meeting was opened by the Permanent Secretary of the Ministry of Transport and Communications, Pedro Inglês, who after referring to the responsibilities the company had in the transport and processing of domestic goods and for the continent’s landlocked countries, listed some of the expectations the Mozambican government Mozambican would like the Board of Directors to consider.

In the north, according to Inglês, the government hopes soon to see the beginning of the railway operations linking Moatize to Nacala-a-Velha, through Malawi, and for repair to the Cuamba/Lichinga section of railway to be completed.

In the centre of the country the government is awaiting completion of repair work and increase to the capacity of the Sena and Machipanda lines, which is expected to boost the economy in that part of the country and increase trade between Mozambique and neighbouring Zimbabwe.

In the southern rail and port system the government is waiting for implementation of the project for Rehabilitation, Modernisation and Expansion of the Ressano Garcia Line, the Ports of Maputo and Matola, according to Inglês. (macauhub/MZ)