Port of Maputo, Mozambique, receives US$800 million in investments since 2003

The Maputo Port Development Company (MPDC) has invested US$800 million since 2003 to increase the capacity and efficiency of the port, which currently processes 40 million tonnes of cargo, the company’s chief executive said on Tuesday in Maputo.

Osorio Lucas, speaking at a conference organised by Standard Bank, said the port now has capacity to receive ships of up to 85,000 tonnes, after it recently completed dredging works that increased the depth of the access channel to 14.3 metres.

The CEO of the MPDC noted that the company has focused on increasing cargo handling capacity and port efficiency, even in the worst phase of the economic crisis that has ravaged the country in recent years.

Lucas also said that the profitability of Mozambique’s port infrastructure is affected by the competitiveness of factors that influence operating costs, such as roads and human resources.

The chief executive of the MPDC pointed to the increase in toll charges on the road between Mozambique and South Africa, which affected freight transport, as a measure that may hold back the use of Mozambican ports by neighbouring countries.

The management of the port of Maputo was delivered until 2033 to the Maputo Port Development Company, a private Mozambican company that resulted from a partnership between the state-owned Portos e Caminhos-de-Ferro de Moçambique (49%) and Portus Indico ( 51%), made up of of Grindrod of South Africa, DP World of Dubai and the company Mozambique Gestores.

Source: macauhub