DP World has further committed to the growing Mozambique port of Maputo, investing more than US$32 million in the Maputo Port Development Co (MPDC), joining in a partnership with Grindrod International and Mozambique Gestores.
DP World holds the concession to operate the container terminal at Maputo Port and is already a 60% shareholder in Maputo International Port Services (MIPS), the container terminal operating company, with the Mozambique Ports and Railways Company holding the remaining 40%. The terminal has a capacity of 100,000 TEU.
DP World has now purchased 48.5 % of Portus Indico – Sociedade de Servicos Portuarios. Grindrod International holds 48.5%, and Mozambique Gestores holds the remaining 3%.
Portus Indico has a 51% interest in MPDC, which holds the concession for the overall Port of Maputo until 2018, with an option to extend to 2028. Portus Indico separately also holds the agreement for the management of MPDC. The government of Mozambique holds the remaining 49% share interest in MPDC.
According to DP World CEO Mohammed Sharaf, the port of Maputo is the backbone of the economy, as well as one of the main corridors for the Southern African hinterland.
“We plan to invest further in container handling facilities there, but we also believe there is potential to grow commodity traffic as well,” added Sharaf.
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