africa Economy Infrastructure Mozambique Port Transport

Revenues at Port of Maputo in Mozambique almost double in six months

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The Maputo Port Development Company (MPDC) contributed 7.3% of total revenues received by the Mozambican government during the first six months of the year, according to the six-month report from the National Treasury Directorate (DNT) quoted by daily newspaper O País .

The MPDC injected 102.1 million meticais into the public coffers in the first half of 2018, against close to 53.3 million meticais in the same period of 2017.

The MPDC was ranked fourth iamong the largest taxpayers to the state, after the Northern Development Corridor (CDN), the Nacala Integrated Logistics Corridor (CLIN) and Cahora Bassa Hydroelectric (HCB).

Together, all concessions contributed 1.3 billion meticais to the treasury over the first six months of 2018, almost double the amount charged in the same period of 2017 .

MPDC is a private, national company that results from the partnership between Caminhos-de-Ferro de Moçambique and Portus Indico, made up of Grindrod, DP World and Mozambique Gestores.

On 15 April, 2003, the MPDC was granted the Port of Maputo concession for a period of 15 years, with an extension option for another 15 years. In June 2010 the concession period was extended for another 15 years, with an option for 10 more years for operations after 2033.

This concession holder has the right to finance, refurbish, build, operate, manage, maintain, develop and optimise the entire concession area of the Port of Maputo.

The company also operates as the port authority, and is responsible for maritime operations, towing, stowage, operations in terminals and warehouses, as well as port planning and development.

The MPDC is investing aaround US$64 million to refurbish three docks that will allow cargo movements to increase to around 2 million tons per year.

This work is scheduled for completion in early 2019. (macauhub)

Source: Macauhub

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