📋 Tender Overview
Scope :
South African logistics firm Grindrod has announced plans to spend Rand 2.5 billion (US$133.1 million) in the next three years on maintaining its asset base, including expanding the capacity of the Matola coal terminal at Mozambique’s Port of Maputo.
The company’s capital expenditure (capex) in the year ending December 2023 totalled Rand 1.1 billion (US$58.5 million), with about half of that invested in expansionary activities in logistics and ports and terminals.
South African logistics firm Grindrod has announced plans to spend Rand 2.5 billion (US$133.1 million) in the next three years on maintaining its asset base, including expanding the capacity of the Matola coal terminal at Mozambique’s Port of Maputo.
The company’s capital expenditure (capex) in the year ending December 2023 totalled Rand 1.1 billion (US$58.5 million), with about half of that invested in expansionary activities in logistics and ports and terminals. In January, Mozambique’s Council of Ministers extended the port concession agreement from 2033 until 2058, with MPDC agreeing to invest US$2 billion in expansion activities.
The concession extension will upgrade the port's capacity from 37 million to 54 million tonnes a year and calls for nearly US$1.1 billion in investments by 2033. The planned improvements include a major expansion of the Matola terminal and a quadrupling of shipping container capacity.
