The Mozambican government has decided to extend for 15 years the concession of the port of Beira to Cornelder de Moçambique, starting from 2023 when the current 19-year concession period is due to end, said the spokeswoman of the Council of Ministers and Deputy Minister of Culture.
Cornelder de Moçambique is a partnership between state-owned port and railway manager Portos e Caminhos-de-Ferro de Moçambique (CFM) and Cornelder Holland, which operates container and general cargo terminals in the port of Beira, capital of Sofala province, since October 1998.
Ana Comoana, a spokeswoman for the AIM news agency, said that “the extension of the contract with Cornelder de Moçambique was determined by the company’s commitment to make an additional investment that was essential to increase the capacity of the port of Beira.”
The US$290 million investment plan includes the repair of 300 kilometres of National Road Number 6 from Beira to Machipanda on the border with Zimbabwe as well as 317 kilometres of the Beira-Machipanda railway line.
The investments to be made by the partnership include works to increase the annual processing capacity from 300,000 to 700,000 containers and 750,000 tons of bulk cargo to 1.2 million tons. (macauhub)