MAPUTO PORT DEVELOPMENT COMPANY PORT OF MAPUTO MAY 2015
Concession Information MPDC has the concession rights to operate the Port of Maputo and the approved concession period ends in 2033 with an option to extend for a further 10 years Concession agreement was approved by Decree 20/2000 25 th July and extend for additional 15 years by Decree 21/2010 30 th June. An approved Port Master Plan is in place to ensures that growth initiatives are implemented in a planned and structured manner. The master plan foresees a growth of the port up to 50 million tons. A Rail Master Plan have been developed to enable the growth initiatives contained in the Port Master Plan
Shareholder Structure Estrutura Accionista PORTUS INDICO 51% Portos e Caminhos de Ferro de Moçambique Mozambique Ports and Railways 49% MOZAMBIQUE GESTORES
Royalties Vehicle Terminal (Grindrod) Container Terminal (DP World) Bulk Sugar Terminal (STAM) Bagged Sugar Terminal (EDFMan) Molasses Terminal (EDFMan) Veggetable Terminal (MSLC) Bulk Terminal (MPDC) Matola Coal Terminal (Grindrod) Infrastructure Maintenance & Channel Navigation MPDC Main Responsibilities As principais responsabilidades da MPDC 1 2 MPDC Port operator MPDC maritime Services 3 MPDC Port Authority
Port jurisdiction area for future developments Total concession area in 2003 = 140.6 ha Total concession area in 2015 = 267.7 Maputo Terminal 129.5 ha Matola Terminal 123.4 ha Catembe Terminal = 14.8 Total jurisdiction area = 5 594 ha
Carga em milhões de toneladas Historical Volume Handled Volumes manuseados 25 12% * 20 15 10 5 0 19.3 17 14.7 15 12 10 5 1971 2003 2010 2011 2012 2013 2014 * CAGR 2003-2014 Anos 2003-2014 386% Increase
MPDC Contribution for the Government 2003 2014 (Excl. sub-concessions) CONCESSION FEES AND TAXES- US $'000 Corporate Tax, 25,239 Fixed Fee, 62,501 Variable Fee, 67,966 Total of US $ 155.7 millions
Custom Revenues generated at Port of Maputo Maputo port contributed 8% of total revenue of Tax Authority in the Country (ATM) for 2014* 450 400 350 300 250 200 150 100 50 0 TIMAR MAPUTO Revenues (in US $ Millions) 266 349 Collected Revenues 411 2013 2014 Plano 2015 CUSTOM REVENUE AT MAPUTO PORT Moz Tax Authority Revenue TIMAR Maputo Revenue 8% 92% Fonte: Autoridade Tributária
Contribution to Local Suppliers, Employment and CSR Regime Actual (Contribuições ao Governo e outros) Turnover generated by SME s servicing MPDC $70,000.00 $60,000.00 $50,000.00 $40,000.00 $30,000.00 $20,000.00 Total spend Total local No. Of local companies $64,051.35 $57,481.42 $46,222.55 $40,690.13 Increasing MPDC contribution of to the local economy through various procurment initiatives in support of SME s : steevadoring, meals, equipament and road maintenance, consultancy engineering, fuel and lubricants, security, heath and staff training Employment: direct 2000 people, indirect 10 000. $10,000.00 $0.00 2013 311 2014 344 Social Investment in education, culture and sport of more than $US 700.000 per year
Main Pillars of the Port of Maputo Master Plan Channel Dredging Terminalisation and Environment Guarantee port capability to accommodate bigger vessels ( 80 000 DWT Vs 60 000 DWT). Allowing for a direct link between Maputo and the Far East. Improving navigational conditions. Cargo segregation through the development of specialised terminals. Compliance to regulations and sound environmental practices. Infra-struture Increase increase berth capacity. Reduce vessel turnaround time. Increase storage capacity and caargo handling efficiency.
Projects in progress Total port Main projects: MPDC Slab expansion for Chrome Container Terminal expansion MPDC Warehouse rehabilitation New Access Road New Bulk Terminal and berth 6,7 & 8 rehabilitation Paving and CCTV
DREDGING OF THE CHANNEL TO A DRAFT OF -14.2 m INDIAN OCEAN International tender launched 1 st quarter 2015 Activities concluded: MAPUTO MATOLA MAPUTO BAY Vessel type - Panamax bulk carrier: Beam: 32.3 m Draft: 14.2 m LOA: 225 m DWT: 60.000-80.000 tons INHACA ISLAND Verification of channel dimensions Hydrographical study in conjunction with INAHINA. Geological study. Vessel simulation study. Environmental licensing MICOA. Approval of dumping sites.
Coastal Terminal (Cabotage) Coastal Terminal: MPDC was given the management and operation of the coastal terminal in 2014, and until the end of the concession period 320 meters of berth 45% increase in the revenue (Jan-Março 2014: $ 325,499 Jan-Março 2015: $ 470,367 )
Investment Phases de Maputo The investments include MPDC and the sub-concessions. 2033 2014 2003 Planned MPDC investment - US$ 56m Actual investment - US$ 532m (2003-2014) Planned future investment- US$ 1,8b
Impact for Government and stimulation of the country macro-economy in general No investment Investment* Contribution to government* ~$ 1.3b in fees and taxes ~$ 2.2b in fees and taxes Potential benefits to the Mozambican economy from the investment plan (2014-2033) Employment Contribution to wider economy Marginal increase expected ~$ 2.59b will be spent on downstream suppliers and sellers ~17 165 additional direct and indirect jobs** ~$ 4.5b will be spent on downstream suppliers and sellers Road to rail Source: Team Analysis, MPDC * Based on MPDC forecast to 2033; MPDC taxes, concession, Port terminal taxes and CFM taxes **DPE (2010) measurement of the impact of Transnet on the South African economy Proportion of traffic transported by rail vs. road is unlikely to change Potential to increase rail vs. road traffic from 53% to ~76% of total volumes to Maputo port 1 5
Critical Success Factors Channel dredging to -14m to mantain the competitivity when compared to the regional ports (impact: Increase of volumes and economy of scale of $ 11/ton). Alignment of port and rail capacity. Naviagational Aids of the access channel. Space availability at Matola area to move dirty cargos. Human capital development
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