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Mozambique: Maputo Corridor yields more than US$2 billion in 10 years – Carta

The macroeconomic impact of the Maputo Logistics Corridor (CLM) over the last 10 years is estimated at just over US$2 billion in economic activities carried out in the country and the region.

The figures are the result of a study carried out by Maputo Port Development Company (MPDC), the Port of Maputo concessionaire, in partnership with Standard Bank.

Presented a few days ago during the Porto de Maputo 2022 Conference by David Mullins, economist, and specialist in macroeconomic forecasting and modeling tools, the study concludes that the impact of CLM on gross domestic product stands at US$2,086 billion.

In addition, the CLM created just over 331,500 jobs and yielded US$489 million in taxation over the last decade. Its impact on the balance of payments was just over US$1 billion.

Mozambique Archives - International Railway Journal

According to Mullins, the study identified constraints that need short, medium, and long-term solutions.

In the short term, Mullins indicated the need to reduce bureaucracy and also to upgrade computerized infrastructure at border posts.

In the medium term, the study recommends updating the rail system, including rolling stock, and introducing a one-stop border post at the Lebombo/Ressano Garcia border post.

In the longer term, the MPDC urges the government to ratify the African Continental Free Trade Agreement (AfCFTA), which it signed in January 2021.

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The Maputo Logistics Corridor (CLM) is currently focused on accessing global markets for exports and imports. It currently handles 30 million tonnes of cargo (road and rail) per year, mainly ores from South Africa, but with the possibility of receiving more from other SADC mining countries in the future. The current volume of road traffic stands at 1,600 heavy vehicles per day.

Maputo Port

Maputo Port Development Company (MPDC) is a national private company, which results from the partnership between the Mozambican Railway Company (Caminhos de Ferro de Moçambique) and Portus Indico, comprised of Grindrod, DP World, and local company Mozambique Gestores.

On the 15th of April 2003, MPDC was given the concession of Maputo’s Port for a period of 15 years, with an extension option of another 15. In June 2010, the concession period was extended for another 15 years, with an option of an additional ten years of operations after 2033.

MPDC holds the rights to finance, rehabilitate, construct, operate, manage, maintain, develop and optimize the entire concession area.

The company also holds the powers of a Port Authority, being responsible for maritime operations, piloting towing (tugboats), stevedoring, terminal and warehouse operations, as well as a port, ’s planning development.

Source: Club of Mozambique

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