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O País / From left to right: Peschaud's chairman Christphe Peschaud, Minister of Transport and Communications Carlos Mesquita and Transmarítima chairman Jafar Ruby, yesterday in Maputo
State-owned Transmarítima and private company Peschaud Mozambique are to invest eight million Euros improving coastal freight transport in the Indian Ocean, the Mozambican government has announced.
According to a statement from the executive, the two companies signed a memorandum of understanding on Wednesday aimed at revitalising cabotage – navigation without losing sight of land.
The registration of the partnership between Transmarítima and Peschaud Mozambique is expected to take place within a month, and the company to start operating in September.
In the meantime, the selection of suitable vessels to ensure the interchange of goods between the different provinces of the country using primary and secondary ports would be undertaken.
Peschaud chairman Christophe Peschaud says the project is well underway, an opinion shared by Transmarítima president, Jafar Ruby, who also promised speedy implementation.
The signing of the memorandum was witnessed by the Minister of Transport and Communications, Carlos Mesquita, who believes that cabotage will reduce freight transport costs and reduce the number of road accidents.Source: Lusa / O País
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