Mozambique: $930 million invested in ports and railways over the past four years

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Mozambique: $930 million invested in ports and railways over the past four years

1:00 CAT | 19 Aug 2024

File photo: Folha de Maputo

The company Portos e Caminhos de Ferro de Moçambique (CFM) has invested around US$930.5 million in the construction and improvement of rail and port infrastructure over the last four years.

In the railway sector, the company spent US$485.5 million, of which US$262.1 million was channelled into improving railway lines and US$223.4 million into the acquisition of locomotives and wagons.

Investments were also made in the port sector in the order of US$425 million, of which US$364.8 million was earmarked for the construction of port infrastructure and US$60.2 million for dredging and equipment. The CFM also invested US$20 million in training and in information technology.

In relation to challenges in the southern region, the company also highlighted the consolidation of integrated management systems for rail and port operations, service level agreements between operators, the modernisation of signalling and communications systems, the implementation of direct trains to and from South Africa, Zimbabwe and Eswatini and the alignment and strategic optimisation of the Dry Port in Ressano Garcia.

Source: Integrity