DP World Lease Extension at $ 2 billion Investment

The Government of Mozambique recently approved a 25-year extension of lease of its Port of Maputo to the operator consortium,  upto the year 2058 , led by DP World including Mozambique’s state-owned railway operator .The approval incorporates a $2 billion investment and expansion plan with an envisaged annual container handling capacity of over a million units by 2058.The Maputo Port Concession lease agreement also leases an additional area of 138 hectares.

Red Sea Gateway Terminal and Chittagong Port Authority

Not to lag behind the Saudi Red Sea Gateway Terminal International signed a 22-year concession agreement (investment of $170 m) with Chittagong Port Authority for operation of 500,000 TEU capacity Container Terminal