MOZAMBIQUE

Nacala Port Concession ends

Nacala Port Concession held by Corredor de Desenvolvimento do Norte Porto, SA (“CDN Porto”) is due to expiry on 10th January 2020. The council of Ministers of the Republic of Mozambique has decided not to renew the concession to CDN Porto and public railway and port company Portos e Caminhos de Ferro de Moçambique, EP (“CFM”) will be responsible for the management and operation of the Port from the expiry date.