Mozambique Extends US$2 billion Port Concession
Mozambique’s Council of Ministers has extended the concession agreement for the Port of Maputo with Maputo Port Development Company (MPDC) from 2033 until 2058.
MPDC is a collaboration between Caminhos de Ferro de Mozambique (Mozambique Railways) and Portus Indico, a private consortium comprising Grindrod and DP World. The agreement involves a substantial US$2 billion expansion plan. The extension of the concession aims to facilitate an increase in the port's capacity from 37 million to 54 million tonnes per year, with an investment commitment of nearly US$1.1 billion by 2033. The proposed enhancements include a significant upgrade to the Matola coal terminal and a fourfold augmentation of shipping container capacity.
According to the updated master plan for the port, the total annual throughput is projected to reach 42 million tonnes by 2033 and 54 million tonnes by 2043 under a probable market scenario, indicating an average annual growth rate of 4%. The master plan outlines an investment of approximately US$1.1 billion, with US$701 million allocated for the period up to 2033 and US$442 million for the subsequent decade between 2033 and 2043. MPDC initially secured a 15-year concession for Maputo port in April 2003, and in June 2010, the concession period was extended for an additional 15 years, with the option for an extra 10 years of operations beyond 2033.
Country news
-
-
August 17, 2018
China Railway proposing US$2.5 billion Mozambique-Zimbabwe railway
The Vice President of China Railway, Shao Gang, has confirmed to state-controlled Radio Mozambique that the company is proposing to construct a rail link between Mozambique and Zimbabwe, to be called the Trans-Zambezi line and estimated to cost US$2.5 billion.
Read more -
August 08, 2017
Essar Ports signs first overseas project in Mozambique
Essar Ports, one of the largest private sector port companies in India, has announced it has signed a contract for its first first overseas port project at Mozambique.
Read more -
July 06, 2016
South Africa Infrastructure Fund (SAIF) sells stakes in three toll road assets
African Infrastructure Investment Managers (AIIM) has announced the successful sale of investments in three privately-concessioned toll roads in Southern Africa. Acting as the manager of the South Africa Infrastructure Fund (SAIF), AIIM successfully concluded the transaction on 4 July 2016. This sale represents the largest private equity realization for toll road infrastructure in Africa to date. Read more -
September 06, 2010
Rail and port to be form a single concession in a cross-country project. Mozambique, Zimbabwe and Botswana
Hello,There is mega rail project under study in Africa. The state-owned rail companies of Botswana and Mozambique are preparing to build an estimated $7-billion transport project that would include one of Africa's longest railways and a deepwater port on the Indian Ocean, south of Maputo. A recent agreement between the two governments calls for the scheme to include private financing, but backing has not yet been secured.Dates: Read more -
April 03, 2014
Essar Ports to invest in Mozambique port concession
Indian port operator, Essar Ports, has sought the approval of its shareholders to invest up to US$25 million in a joint venture, which plans to develop a coal terminal at the Beira port in Mozambique. Read more
