Maputo, 30 Oct (AIM) – The Maputo Cabotage Terminal (TCM) will now be managed by the Maputo Port Development Company (MPDC), as part of a merger agreement between the two companies.
According to Monday’s issue of the Maputo daily “Notícias”, the merger will involve the incorporation of the Maputo Cabotage Terminal into MPDC and its extinction as a separate entity.
The TCM has a quay of around 300 meters in length and a space of 6,200 square meters. The quay has three berths, and so can simultaneously accommodate three ships.
It also has an open-air storage area of 20,000 square meters and a covered storage area of 5,000 square meters, consisting of three warehouses. This facility has the installed capacity to handle 500,000 tonnes a year.
The Port of Maputo is made up of terminals for fishing, general cargo, coal, fruit, sugar, containers, steel and molasses tanks, with a length of 3,876 meters.
The mineral quay is made up of the coal, oil, cereal and aluminium terminals, with an overall length of 865 meters. Most of the port is already managed by the MPDC.
The parties also add that, as MPDC has acquired the entire share capital of the TCM, the merger will not be subject to approval by the shareholders of the participating companies, under the terms established under the Commercial Code.
(AIM)
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