2019 State Budget deficit financed by more public debt in Mozambique - A Verdade
[Photo file: O País]
The Northern Development Corridor (CDN) has reported that Nacala Port’s miscellaneous cargo handling reached 2.2 million tonnes in 2019, up 16% on the 1.9 million tonnes in the previous year.
In a statement issued today, the company managing the port attributed the increase to investment in human and technical resources, as well as the acquisition of new equipment.
“The port was able to reach the budget planned for 2019 and surpass the production realized in 2018,” the document reads.
The CDN’s 15-year Nacala Port concession ends this Friday (10th January). The company announced last December that it would focus on rail transport going forward, particularly on shipping coal from Tete to the port of Nacala, and developing the general cargo business.
A new 30-year North Corridor Rail concession is reportedly coming into force on 10 January.
Coal mining by Brazilian mining company Vale in the Tete region has made it possible to build the 912-kilometre railway, including a 200-kilometre stretch crossing Malawi, and a deepwater port terminal in Nacala.
The Northern Development Corridor is a public limited company incorporated and registered in Mozambique, whose purpose is the integrated management, rehabilitation and commercial operation of the infrastructure of the port of Nacala and the northern rail network of the country.
CDN’s main objective is to provide high quality rail and port services, and efficiency and safety in the company’s infrastructure and concessions, effectively serving the national and regional markets.
New challenges are driving modernization of the entire infrastructure, as well as new management models desigend to ensure service improvement, competitiveness and sustainability.
The ultimate goal is to improve rail and port traffic by expanding and modernizing the existing fleet, paying particular attention to operational safety issues concerning employees, passengers and equipment.Source: O País
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