Investment in Port of Beira to almost double current TEU capacity
28 Nov 2018 - by Staff reporter
An additional investment of US$290 million in the port of Beira by concession holder Cornelder de Moçambique (CdM) has been approved.
The Mozambican government has also extended the concession period for the management of the port of Beira to a further 15 years (until July 2038) to allow CdM to recover its additional investment.
Under the new investment, CdM intends to strengthen the port’s cargo processing capacity, which involves adding berths and parks, terminals, warehouses and other facilities directly related to the operation of the facility.
The investment will enable the port of Beira to process 700 000 containers per year, almost doubling current capacity.