Following a 25-year extension to the operating concession at the port of Maputo, the Mozambique logistics hub is to be expanded in a US$2 billion project.
Moneyweb reports that the expansion project in part stems from an increase in traffic from miners of coal and chrome as South African ports struggle to overcome logistics hurdles.
The Maputo port operators – including Dubai-headquartered DP World, South Africa’s Grindrod and the state-run railway operator – will run the port, Mozambique’s biggest, until 2058.
The port, which can handle 37 million tons a year, is increasing its capacity to 54 million tons a year by 2058. The expansion project will also more than double the handling capacity of the neighbouring Matola coal terminal to 18 million tons a year.
In addition, the port’s shipping-container capacity will almost quadruple to 1 million units by the end of the concession.
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