Mozambique’s port of Maputo could see an estimated investment of around $800-million over the next five years, says Grindrod Freight Services chief executive Dave Rennie.

Rennie says Grindrod, a JSE-listed shipping and freight services specialist would be responsible for roughly 40% of this figure as the company grew its capacity at the thriving harbour node.

There is a huge shortage of infrastructure to support the commodity markets, and Grindrod sees a huge opportunity in this.

Grindrod’s Maputo port concession has been extended to 2033, with the option for another ten-year extension thereafter. The company says this extension provides a timeline for the implementation of a port master plan and for sub-concessionaires to undertake additional investment. The new concession agreement secured additional land for Grindrod, which would now allow it to “substantially expand its coal operations”.

One factor inhibiting growth at Maputo to date has been a lack of rail wagon availability.

Source: Creamer Media