[miningmx.com] — MOZAMBIQUE’S Ports Development Company on
Wednesday announced a $1bn investment over the next 20 years to improve
infrastructure in the country’s main port to meet international demands.
“We think that it is a good time to invest because the demand is there and what we
need to do is to create the gateway, developing the infrastructures to take these
commodities to the market,” MPDC CEO Dave Rennie told a news conference in the
capital.
Rennie said India and China were markets that needed to be serviced.
MPDC, whose owners are South African logistics firm Grindrod and giant Dubai-
based
port operator DP World, raised its investment from $750m pledged in January
saying
it now also wanted to add rail facilities within the port.
