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.