Mozambique: Ematum debt restructuring "postpones gas gains"
in file CoM
The rehabilitation of the railway from the central Mozambican port of Beira to Zimbabwe will be complete by June, according to the chairperson of the Mozambican rail and port company, CFM, Miguel Matabele, cited in Tuesday’s issue of the Maputo daily “Noticias”.
The total cost of rehabilitating the line is 200 million US dollars. In addition, CFM says it is investing in equipment to improve cargo handling in the port of Beira.
This includes acquiring two tugs for greater safety in guiding large ships into the port following the recently concluded dredging of the entry channel. The tugs cost 22 million dollars. Matabele said that one of the tugs is already in Beira, and the second is expected within a few days.
The new acquisitions will allow CFM to send one of the existing tugs to the northern port of Pemba, which is also being modernised. Matabele expected the port of Pemba to be in greater demand in the coming period, thanks to the mineral and hydrocarbon discoveries in Cabo Delgado province. Hence CFM is preparing to satisfy the future needs of its clients.
Matabele also announced that new locomotives have been ordered from India to boost the traction capacity of the central rail system (the lines from Beira to Zimbabwe and Malawi). This follows the acquisition last week of five new locomotives from the United States for the southern lines, from Maputo to South Africa, Zimbabwe and Swaziland.Source: AIM