The Maputo Port Development Company has initiated the first phase of its $2 billion expansion project to transform the Maputo Port into a leading regional shipping hub. This phase, projected to cost $164 million, will more than double the port’s container terminal capacity from the current 255,000 twenty-foot equivalent units (TEU) to 530,000 (TEUs) annually over the next two years. This phase will also extend the quay from 250 meters to 650 meters and deepen the berth draft to 16 meters, enabling larger vessels to dock. The MPDC, a consortium of DP World, Grindrod, and Mozambique’s state rail operator, will oversee the project. The expansion comes amid increased port activity as exporters seek alternatives to South Africa’s congested logistics routes.
Source: Reuters
