US$840.3 million dollars is to be invested by 2016 in three new railways in southern Mozambique to accommodate the anticipated increased amount of ore exports through the Port of Maputo.

Sancho Quipiço Júnior, chief executive of Mozambican port and rail company Portos e Caminhos de Ferro de Moçambique (CFM), says, “By 2021, CFM plans to spend almost US$1.3 billion, of which 72 percent will be spent on purchasing locomotives and wagons, with the remainder on repairing and building the rail infrastructure.”

Currently 4.500 tons of iron ore arrive at the Port of Maputo every day form Salgaocar Swaziland. The three Mozambican companies hired to unload goods at the terminal are looking at increasing their logistical capacity as the mining company plans to increase the amount of ore it exports through Maputo by at least 50 percent.

Over the next seven years the Swazi company plans to mine around 20 million tons of iron ore, which will be sent to the port of Maputo for export.

Source: macauhub