Mozambique: Government decides the future of Transmaritima – Notícias report

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Mozambique: Government decides the future of Transmaritima – Notícias report

3:22 CAT | 23 Apr 2021

File photo: Noticias

A proposal on the future of Transportes Marítimos, Lda. (Transmaritima) containing a final decision on the restructuring model to be implemented will be delivered to the government soon.

The State Holdings Management Institute (IGEPE) advances three alternatives for the solution of the problem, namely the transfer of the company’s equipment to the management of the municipalities, its liquidation, or the sale of all state participation.

“We are thinking about liquidating the company or passing the equipment to the municipalities or even selling the state’s shares to private individuals,” IGEPE administrator Raimundo Matule explained to ‘Notícias’.

Matule noted that, in the case of Maputo, equipment could be transferred to municipal management, which could continue to ensure the crossing between the centre of the capital and Inhaca island, or adapt the vessels for the tourism sector in the bay area.

“IGEPE believes that, in the post-Covid-19 period, Maputo municipality may want to develop ways for national and foreign tourists to make trips on the [bay] crossing,” he stressed.

In Inhambane Bay, Transmaritima equipment may also be transferred to the management of local municipal authorities or to the provincial government, in furtherance of the decentralisation model underway in the country.

Without mentioning the number of workers or the vessels involved in Transmaritima, the IGEPE administrator said that the restructuring of companies managed by the state was an ongoing process, since it aimed to ensure that the companies survive.

He noted that Transmaritima’s business model was seriously affected by the construction of the Maputo-KaTembe bridge, and the company’s board of directors had not been able to adapt to the change it generated.

“This is a paradigmatic example of a state-owned company that has not been able to keep up with changes in the market. That is why we are going to continue to restructure the state business sector, and our plans at this time extend all the way to 2030,” Matule said.

Source: Noticias