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Gas Crisis in Europe Could Accelerate Chitima-Macuse Logistics Corridor

Gas Crisis in Europe Could Accelerate Chitima-Macuse Logistics Corridor

The project to build the Chitima-Moatize-Macuse port and rail line could take advantage of the current high demand for coal in international markets caused by the gas crisis in Europe.

For the effective start of operations it is necessary to mobilise investment of around US$2.7 billion.

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The project, which has been stuck for years due to lack of investment, may gain new life as a result of the gas crisis caused by the Russia-Ukraine conflict that reactivated the use of coal as an energy source.

This is an initiative that should have been launched in the first quarter of 2016 to transport coal from the coal mining area of Tete province to the deepwater port of Macuse, in Zambézia province, central Mozambique, and from there to the consumer markets.

This Thursday, 11 August, Thai Mozambique Logistics (TML) said at a press conference in Maputo that conditions were in place to move ahead with the Chitima-Macuse rail and port project.

“The Italian-Thai Development Corporation has embraced this project since 2014 until today, having fully funded it with regard to its technical and economic feasibility,” began by clarifying the member of the Executive Committee of Thai Moçambique Logísticas, José Fonseca, assuring that “the conditions are in place to move forward with the Chitima-Macuse rail-port project.”

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TML’s position comes days after the Mozambican press published information alleging that its majority shareholders would abandon the railway construction project linking Chitima in Tete and Macuse in Zambézia.

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