DP World wins concession extension in hero port Maputo

GLOBAL marine terminal operator DP World has announced that its concession for the port of Maputo, Mozambique, has been extended to 2033 with an option to extend for a further 10 years.

During the recent South African Transnet strike, exporters had much praise for Maputo's ability to get their cargo, particularly perishables, moving to customers when Durban and Cape Town were shut down.

DP World holds the concession to operate the container terminal at the port, with DP World Maputo operating the terminal. Portos e Caminhos de Ferro de Mocambique (CFM), the Mozambique Ports and Railway Authority, holds a 40 per cent share of the operating company. The concession was originally due to expire in 2018.

"We are delighted the Government of Mozambique has extended our concession out to 2033. We are committed to investing in growing DP World Maputo capacity over time in line with market demand, said DP World chief executive officer Mohammed Sharaf said of its investment in DP World Maputo and the port since early 2008 "we look forward to being able to contribute even further to improving supply chain efficiency and supporting the expansion of Mozambique's economy."

DP World Africa managing director Joost Kruijning said in a statement: "DP World Maputo is an efficient entry port for goods destined for Mozambique and its extensive hinterland as well as for exporters in the region."
(Source:www.schednet.com)