“We must factor low prices of goods into investment decisions” – Mozambique Ports and Railways director

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“We must factor low prices of goods into investment decisions” – Mozambique Ports and Railways director

2:26 CAT | 22 Apr 2016

O País (File photo) / A view of Maputo port

The Ports and Railways of Mozambique administrator Agostinho Langa says low international commodity prices must be factored into investment decisions in the country.

Langa’s call is aimed at avoiding losses in the future and maintaining a strong economy.

For the Permanent Secretary of the Ministry of Transport and Communications, Pedro Inglês, the solution to the decline in the Port of Maputo’s performance is better logistics.

Analysts’ forecasts indicate that this year the price of the main commodities traded in the international market will stay low, which will in turn depress Port of Maputo loading and turnover levels.

The strategy in this context should be investment in logistics infrastructure, especially railways, to boost competitiveness.

Identifying and exploiting comparative advantages is also necessary, according to Inglês.

These ideas were shared over the three hours of the fifth Port of Maputo conference, which heard presentations from experts in the national and South African ports and railways sector.

Source: O País