AJOT Digital Edition
Issue #583 | Forest Products

Cover of issue-583.png

Forest Products

View Issue #583 Now!

2014 Media Kit
  • Share this article:

DP World concession extension in Maputo, Mozambique

By: | at 08:00 PM | Channel(s): Ports & Terminals  

Global marine terminal operator DP World announced that its concession for the port of Maputo, Mozambique has been extended to 2033 with an option to extend for a further ten years. 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% share of the operating company. The concession was originally due to expire in 2018. DP World Chairman Sultan Ahmed Bin Sulayem said: “Africa is a key focus of our business strategy for long term growth of DP World as we look to emerging markets to underpin the recovery of global trade. Efficient infrastructure both leads and drives economic sustainability. Mozambique has an exciting future and we are pleased to be part of it.”

DP World Mohammed Sharaf said: “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. We have seen significant efficiency gains since we expanded our interest in the port in early 2008 and 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 Senior Vice President and Managing Director for Africa, Joost Kruijning said: “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. We look forward to working with our partners to maximise every opportunity to serve customers even better in the years ahead.”