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FILE - Revimo is 68.7% owned by the Mozambique Road Fund (Fundo de Estradas, FP), the Bank of Mozambique Pension Fund (Kuhanha) and the National Social Security Institute (INSS) each having a 14.7% stake. [File photo: TVM]
Post-election violence in Mozambique caused losses of €2.8 million to the Rede Viária de Moçambique (Revimo)in 2024, according to the company, which operates more than 670 kilometres of roads in the country.
The 2024 annual report, which Lusa obtained today, states that during the protests following the October 9 general elections, “the road infrastructure under concession to Revimo, including toll plazas and payment systems, were the target of violent events”, with “roadblocks, vandalism, and burning of roads, of toll booths, and of the maintenance centre and unit in Maputo and Gaza, respectively”.
It adds that these actions “resulted in accumulated losses and lost revenue by the end of the year”, estimated at 211 million meticais (€2.8 million).
“The situation described above forced the company to suspend toll collection operations at 13 of the 16 toll booths under its management due to the lack of adequate conditions for collection (security and infrastructure), which, in turn, affected 418 direct Revimo employees and 1,004 indirect employees of subcontracted companies, most of whom were young,” the document reads, noting that Revimo employed 654 workers at the end of the year.
The situation affected Revimo’s performance, which reported profits of 54.7 million meticais (€736,000) at the end of the year, a 65% reduction compared to 2023’s net results. This result “was adversely affected by the extreme natural events that occurred in the first quarter and, mainly, by the post-election protests that affected the country since the fourth quarter”.
The impact, the report states, was also due to the “greater financial effort resulting from the increased costs of infrastructure maintenance and upkeep, particularly the start of the implementation of the specialized maintenance project for the Maputo-Katembe bridge”.
At issue was the largest challenge to the election results in Mozambique since the first multiparty elections (1994), led by presidential candidate Venâncio Mondlane, who does not recognize the official results of the general elections of October 9th of last year.
One form of protest, which lasted for almost the entire first half of this year, was the boycott of toll payments, with toll booths and other infrastructure destroyed throughout the country.
After several months of social unrest and demonstrations contesting the election results which led to looting, destruction of public and private property, and approximately 400 deaths, the head of state and Venâncio Mondlane met for the first time on March 23 in Maputo and agreed to pacify the country. This meeting was repeated on May 20.
Even so, roads under Revimo’s concession recorded average daily traffic of 76,055 vehicles in 2024, a 42.6% increase compared to 2023, while average daily revenue increased 12.3% to 7.278 billion meticais.
Revimo currently manages 287 km of the N6 road between Beira and Machipanda, 71.4 km of the Maputo Ring Road, including the 12 km R804 Marracuene-Macaneta road, and the Maputo-KaTembe bridge and its connecting roads between Maputo and the Ponta do Ouro border, Zitundo-Vila da Ponta D’Ouro, and Bela Vista-Boane, with 187 km.
The R453 Macia – Praia de Bilene road, which is 38.5 km long, the N101 Macia – Chokwé road, which is 61.7 km long, and the R448 road from Chokwé to Macarretane, which is 21.8 km long, are also included.
Revimo is 68.7% owned by the Mozambique Road Fund (Fundo de Estradas, FP), the Bank of Mozambique Pension Fund [Kuhanha] and the National Social Security Institute (INSS) each having a 14.7% stake.
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