Mozambique: More than €134 million from the World Bank for this year's State Budget
Mozambique: Pemba logistics base – Government approves terms of terminal concession
3:07 CAT | 02 Oct 2024
File photo: Noticias
The Council of Ministers yesterday approved by decree the terms of concession for the
Pemba Port and Logistics Terminal infrastructure in Cabo Delgado province.
The concession was granted by the government to Pemba Bulk Terminal Limited, a joint
venture formed between CD Properties and Portos de Cabo Delgado, SA.
This infrastructure is considered crucial for the logistical operations of hydrocarbon
exploration projects in the Rovuma basin, Cabo Delgado.
The concession was recently awarded through direct negotiation to the consortium, which is expected to invest approximately 14.2 billion meticais, both on land and in water, to enhance the infrastructure. This includes improvements to the main terminal with 115 metres of docking capacity and other activities related to the floating gate, valued at 49.5 billion meticais.
Given the need to ensure the continuity of the project that supports oil operations in Cabo Delgado, additional investments of around US$90 million will be made.
In its 28th ordinary session, the Council of Ministers also approved a resolution ratifying the financing agreement between the government and the Italian bank Cassa Depositi Prestiti SPA, amounting to €35 million in funding for the Manica Agro-Food Program.
Additionally, the council approved the decree establishing the Statute for Members of the National Public Rescue Service (SENSAP), which outlines the regulations on entry,
promotion, hierarchy, rights, duties, and other situations related to members of that
institution.
Source: Noticias
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