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Government Approves Over $900M Investment in Pemba Port

Government Approves Over $900M Investment in Pemba Port

On Tuesday 21 May, the government approved an investment of more than 900 million euros (61.8 billion meticals) for the Port of Pemba, in Cabo Delgado province, northern Mozambique.

Speaking after another session of the Council of Ministers, the Deputy Minister of Industry and Trade, Ludovina Bernardo, explained that the amount will be invested by the company Pemba Bulk Terminal Limitada (PBT), adding that the government resolution also authorises the direct award of the operations of the Port of Pemba to that commercial company, under a concession regime.

‘Some additional investments of around 14 billion meticals (202 million euros) will be made, which includes the continued rehabilitation of the infrastructure of the base quay, which has a docking capacity of 115 metres, and also other activities in relation to the floating pontoon, for an investment of 49.5 billion meticals (716 million euros),’ he clarified.

According to the official, Pemba Bulk Terminal Limitada (PBT), set up by CD Properties and Portos de Cabo Delgado, will carry out the construction, operation, management, maintenance and return of the Pemba Port and Logistics Terminal, both on land and in the water.

‘Given the need to ensure the continuation of the project and support for oil operations, other investments totalling around 5.7 billion meticals (83 million euros) will be made,’ said the minister.

Located in the provincial capital of Cabo Delgado, the Port of Pemba has a quay 183 metres long and 17 metres wide, covering an area of 3103 square metres, as well as a storage area of 20,000 square metres.

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