Grindrod reveals Maputo plans

South Africas Grindrod Group has unveiled its plans for the further development of the port of Maputo in Mozambique.

The new $500m master plan for Maputo will see its container terminal expanded to 400,000 teu during 2009 and the ferro and chrome terminals upgraded to take capacity to over five million tonnes. The existing car terminal will be quadrupled in size over ten years taking final capacity to some 250,000 car per annum. Matola Coal Terminal will see capacity expanded to 10m tonnes and a new magnetite terminal of 6m tonnes per annum capacity will be built.

Further investments will see new multipurpose terminals constructed and the rehabilitation of road and rail infrastructure to handle 25 trains and 1,500 trucks a day.

Grindrod purchased a controlling stake in the port in tandem with DP World last year from an international consortium led by the UK’s Peel Ports.