Maputo, Mozambique — 21 November 2012 – The government of Mozambique plans to solicit international bids next month for a US$2 billion railway and port development project aimed at boosting the country’s severely pressured infrastructure to support its coal exports.
Fin24 quotes the chairperson of state-owned rail and ports group CFM Rosario Mualeia as saying: “By the end of this year we should issue the tender. The project will cost around US$2 billion, including the port,” he added here on the sidelines of a Coaltrans conference.
The tender will be for a 525km line from the Tete province to Macuse, in Mozambique’s Zambezia province, and a new port, able to handle around 20Mtpa of coal.
Mualeia also said a delayed upgrade of the Sena line “’ the only railway currently linking to the coal-rich Moatize basin with the coast “’ to enable it to carry 6.5Mtpa of coal, will be completed by the end of the year.
A further upgrade to 20Mtpa is scheduled for completion by end of 2014.
Source: Fin24. For more information, click here.