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Maputo Port Concessionaire to Invest $600M Over Next Three Years

Maputo Port Concessionaire to Invest $600M Over Next Three Years

The concessionaire for the port of Maputo plans to invest 600 million dollars over the next three years in expanding the port infrastructure. According to the executive director of the Maputo Port Development Company (MPDC), Osório Lucas, the investment will increase the capacity of the container terminal from the current 170,000 to 530,000.

“This initiative will also increase the capacity of the Matola Coal Terminal, from 7 million tonnes a year to 12 million. Our general cargo capacity will rise from 10 million tonnes to 13 million tonnes. We plan to make these changes within a maximum period of three years,” clarified the official mentioned in an interview published on Monday 5 February by Lusa.

The source said that “these investments are ready to go ahead as soon as the addendum to the concession contract, approved on 23 January by the Council of Ministers, is signed”.

“The addendum to the concession contract establishes an obligation to invest in this three-year period and make the first phase of investment. It’s not an option, we’re obliged to do it,” he clarified.

Sociedade de Desenvolvimento do Porto de Maputo is a private Mozambican company that resulted from a partnership between Caminhos-de-Ferro de Moçambique (CFM) and Portus Indico, which is made up of Grindrod, DP World and Mozambique Gestores.

Since 2003, MPDC has invested around 900 million dollars in modernising the port infrastructure. The port of Maputo currently employs 10,000 direct and indirect workers, 99 per cent of whom are Mozambican.

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