The government has approved the decree authorizing the signing of the Special License for the Concession Contract of the Port and Logistics Terminal of Pemba, in the Province of Cabo Delgado. The concession will be granted to the company Pemba Bulk Terminal, Limitada (PBT), for a period of 20 years.
Pemba Bulk Terminal will be responsible for developing the infrastructure, from financing to operation, at its own risk, and must return the infrastructure to the Mozambican state at the end of the contract, as stipulated in the agreement signed on 30 October 2024.
The Council of Ministers held its 22nd Ordinary Session in Maputo this Tuesday (24-06), where, among other points, it considered and approved the decree authorising the Ministers of Transport and Logistics and Agriculture, Environment and Fisheries to sign the special licence for the concession contract for the Pemba Port and Logistics Terminal Infrastructure, in the province of Cabo Delgado, in northern Mozambique.
According to the Mozambican government, “the special license aims to ensure the pursuit of the contractual objective, to the concessionaire, the commercial company Pemba Bulk Terminal, Limitada (PBT), authorized by Decree No. 75/2024, of October 17, to provide port services and, at its own risk and expense, design, finance, build, own, operate, maintain and return to the Mozambican State, the port infrastructures of the Pemba Port and Logistics Terminal, in the city of Pemba, Cabo Delgado province, in accordance with the terms and conditions set out in the Concession Agreement, signed on October 30, 2024, with a duration of 20 years”.
Last year, the government planned to invest around 63.7 billion meticais (one billion dollars at the current exchange rate) in ongoing projects at the Pemba Port and Logistics Terminal, in Cabo Delgado, northern Mozambique.
Source: Club Of Mozambique
