REVIMO expects to take over 1 billion meticais in revenue from tolls on EN6 and Maputo-KaTembe Bridge

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REVIMO expects to take over 1 billion meticais in revenue from tolls on EN6 and Maputo-KaTembe Bridge

4:06 CAT | 13 Aug 2020

Image: Revimo R. Viaria / Facebook

REVIMO, a company created by the government to manage and maintain National Road Number 6, the Maputo Ring Road, the Maputo-KaTembe Bridge and its connecting roads, expects to bill more than 1 billion meticais in 2020.

The public limited liability company Mozambique Road Network (REVIMO), which has as its sole shareholder the Road Fund, a Mozambican public institution, was granted, without public tender, the concession of the EN6 Beira-Machipanda, the Maputo Ring Road, and the Maputo-KaTembe Bridge and connecting roads.

Created on September 2019 for the construction, conservation and exploitation by tolling of roads, bridges and their related infrastructures, built or still to be built, REVIMO was listed in March 2020 on the Mozambique Stock Exchange with the intention of selling 50% of its share capital to investors.

@Verdade has learned that the company, which employs nearly two hundred workers and is managed by a Board of Directors, reports having invoiced, in its first two months of activity (January and February 2020), more than 182 million meticais from the management of the Beira-Machipanda road and Maputo-KaTembe Bridge, and expects to achieve 1.5 billion meticais by the end of this year.

In order to reach this figure, REVIMO expects its sales volume to grow sharply from the last quarter of 2020, with the entry into operation of new tolls on the Maputo Ring Road and on roads connecting to the Maputo-KaTembe project.

Source: A Verdade