Mozambique Extends Maputo Port Concession
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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. MPCD has agreed to invest US$2 billion in expanding the port.
MPDC is a partnership between Caminhos de Ferro de Mozambique (Mozambique Railways) and Portus Indico – a private consortium of South African logistics firm Grindrod, Dubai port operator DP World and the local Mozambique Gestores.
The concession extension will facilitate the expansion of the port’s capacity from 37 million to 54 million tonnes a year and calls for nearly US$1.1 billion in investments by 2033.
The planned improvements include a major upgrade of the Matola coal terminal and a quadrupling of shipping container capacity. The Port of Maputo is part of the Maputo transport corridor, the shortest and most efficient route for South African freight to reach the port.
Mozambique ports mapSource: Grindrod, November 2019In January, MPDC announced Maputo port had handled a record 31.2 million tonnes of cargo in 2023, an increase of more than 16% compared to 2022.
According to the port’s updated masterplan published in May 2022, total annual throughput is expected to rise to 42 million tonnes by 2033 and 54 million in 2043 under a probable market scenario. This corresponds to an average annual growth rate of 4%.
Main investments for Port of Maputo in probable market scenarioSource: MPDC, May 2022The masterplan calls for investment of about US$1.1 billion, with US$701 million to be invested up to 2033 and US$442 million between 2033 and 2043.
MPDC was awarded a 15-year concession for Maputo port in April 2003. In June 2010, the concession period was extended for another 15 years, with an option of an additional 10 years of operations after 2033.
Top photo: Port of Maputo (Source: MPDC)
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