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FILE - For illustration purposes only. [File photo: Grindrod Mozambique]
The Council of Ministers held its 22nd Ordinary Session in Maputo this Tuesday (24-06), where, among other points, it considered and approved the decree authorising the Ministers of Transport and Logistics and Agriculture, Environment and Fisheries to sign the special licence for the concession contract for the Pemba Port and Logistics Terminal Infrastructure, in the province of Cabo Delgado, in northern Mozambique.
According to the Mozambican government, “the special license aims to ensure the pursuit of the contractual objective, to the concessionaire, the commercial company Pemba Bulk Terminal, Limitada (PBT), authorized by Decree No. 75/2024, of October 17, to provide port services and, at its own risk and expense, design, finance, build, own, operate, maintain and return to the Mozambican State, the port infrastructures of the Pemba Port and Logistics Terminal, in the city of Pemba, Cabo Delgado province, in accordance with the terms and conditions set out in the Concession Agreement, signed on October 30, 2024, with a duration of 20 years”.
Last year, the government planned to invest around 63.7 billion meticais (one billion dollars at the current exchange rate) in ongoing projects at the Pemba Port and Logistics Terminal, in Cabo Delgado, northern Mozambique.
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On that occasion, the Council of Ministers approved a resolution authorising a direct agreement with Sociedade Comercial Pemba Bulk Terminal Limitada (PBT) – formed by CD Properties and Portos de Cabo Delgado, SA – to carry out, under a concession regime, the construction, operation, management, maintenance and return of the Pemba Port and Logistics Terminal.
At the time, the government explained that, of the total investment amount, approximately 14.2 billion meticais would be invested in the ongoing rehabilitation of the infrastructure of the base dock, which has a berthing capacity of 115 metres.
The government stated that it would invest approximately 49.5 billion meticais in floating docks and other activities. Given the need to ensure the continuity of the project and support for oil and gas operations, the government announced that it would invest a further US$90 million in other additional projects.
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