https://www.engineeringnews.co.za
Africa|Coal|Container|Grindrod|Infrastructure|Iron Ore|Ports|rail|Transnet|Infrastructure
Africa|Coal|Container|Grindrod|Infrastructure|Iron Ore|Ports|rail|Transnet|Infrastructure
africa|coal|container|grindrod|infrastructure|iron-ore|ports|rail|transnet|infrastructure

DP World’s $2bn Mozambique port expansion gets approval

24th January 2024

By: Bloomberg

  

Font size: - +

Mozambique approved an extended deal for DP World, Grindrod and other operators of its biggest port, including a $2-billion expansion that will further draw cargoes away from neighboring South Africa’s creaking trade infrastructure.

The group, which also includes Mozambique’s state-owned railway operator, won a 25-year extension to run the port in Maputo, the capital, ending in 2058. The Council of Ministers approved the deal on Tuesday, according to a statement. The agreement includes investments of nearly $1.1 billion by 2033 when the original concession was due to end.

Maputo’s port has grown rapidly in recent years, as it caters to demand from Mozambique’s growing economy and exports from neighboring South Africa. Miners of coal, chrome and magnetite, a type of iron ore, have been sending increased volumes by truck to Maputo as snarl-ups at South Africa’s state-owned rail and ports company Transnet’s have cost them billions of dollars in lost revenue.

Capacity at the port is set to increase to 54 million tons per year by 2058, from 37 million tons this year, according to the extended concession agreement. That includes expanding a coal terminal in Matola next to Maputo to 18 million tons yearly, from 7.5 million tons. Annual shipping-container capacity will almost quadruple to a million units over the same period.

Edited by Bloomberg

Comments

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.136 0.193s - 161pq - 2rq
Subscribe Now