africa Infrastructure Mozambique Port Rail Tax

Mozambique: Maputo Port accounts for 6.0% of 2017 tax collection

The Maputo Port Development Corporation (MPDC) paid 11.6 billion meticals (about US$191.4 million) and US$19.7 million in fixed and variable taxes in 2017, representing 6.0% of the country’s total tax revenue, the transport and communications minister said on Wednesday in the Mozambican capital.

Carlos Mesquita, speaking at the sixth edition of the Port of Maputo conference, also said that the government has been working to make an increasing amount of cargo arrive at the port by rail, instead of by road.

“Two years ago, 82% of the cargo processed in the port of Maputo arrived by road versus 18% by rail. In 2017, this indicator improved to 74% of road cargo against 26% on the railways, a trend that should be consolidated and improved over the coming fiscal years,” the minister said, quoted by Maputo daily newspaper Noticias.

The Maputo Port Development Company is a partnership between the state-owned Mozambican port and railway company CFM and Portus Indico, made up of Grindrod (South Africa), DP World (Dubai) and local company Moçambique Gestores.

Source: Macauhub

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