Article: MOZAMBIQUE: JOINT VENTURE CONSTRUCTION PLANS FOR PROPOSED $515,000,000 PORT, EMPRESA NACIONAL DOS PORTOS E CAMINHOS DE FERRO DE MOCAMBIQUE (CFM) [MOZAMBIQUE] & DOBELA DEVELOPMENT CORP. [UK] - Order #: 094699.

PROJECT OVERVIEW:

As things currently stand, South Africa's Mpumalange mines ships its ores consisting of coal, magnetite and phosphate through the Maputo port in South Africa. As a result, the company's products must travel some 1500 kms to destination. It is thus that the Mozambique government recently decided to substantially enable the reduction of shipping delays by building a new port in Mozambique.

In so doing, a joint venture was recently established between the state-owned EMPRESA NACIONAL DOS PORTOS E CAMINHOS DE FERRO DE MOCAMBIQUE (CFM) i.e., the PUBLIC CORPORATION OF PORTS & RAILWAYS, and DOBELA DEVELOPMENT of the U.K. to implement the ...

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