04-06-2013, 01:09 PM
Johannesburg – The Transnet National Ports Authority (TNPA) and the Maputo Ports Development Company (MPDC) have signed a landmark Memorandum of Understanding (MoU) that will pave the way for cooperation between the two port authorities.
The signing of the MoU is the formalisation of discussions that have been developed through extensive bilateral talks and visits over an extended period of time.
Speaking at the signing ceremony held in Sandton, north of Johannesburg, TNPA’s Chief Executive Tau Morwe said the MoU opened up collaboration on matters of mutual interest in the areas of infrastructure development, engineering, training and marine services.
“We believe that in the spirit of cooperation, we can be exponentially more efficient and play a key role in lifting intra-regional trade within the Southern African Development Community (SADC) region from its current level of 12 percent.
“What we can achieve remains to be seen, but we should aspire to achieve the figures of other leading regional economic communities, such as those of Asia and Europe where intra-regional trade is in the region of 60 percent,†Morwe said.
Echoing Morwe’s sentiments, the MPDC’s CEO, Osorio Lucas, said the MoU represented major potential for the two countries.
“I am ecstatic about the signing of the MoU, which has the intention of fostering competitiveness and growth, and the realisation of the MPDC’s vision of propelling the region forward.
“It is an important step toward, fostering greater intra-regional cooperation, which is a key priority of the SADC region and the Common Market of Eastern and Southern Africa (Comesa),†Lucas said.
Other areas of collaboration include assistance with the unbundling of the MPDC into a Port Authority and Port Operations, the transition of cargo from road to rail, and nautical matters.
Regional integration is in line with Transnet’s Market Demand Strategy, which among its imperatives, calls for a review of the state owned entity’s role in the development of the North-South logistics corridor.
TNPA is one of five operating divisions of Transnet SOC Ltd. The national ports authority is responsible for the safe, effective and efficient economic functioning of the national port system, which it manages in a landlord capacity.
The MPDC is a national private company, which resulted from a partnership between the Mozambican Railway Company, Grindrod and DP World. Port Maputo holds the rights to finance, rehabilitate, construct, operate, manage, maintain, develop and optimise the entire concession area.
It holds the rights to finance, rehabilitate, construct, operate, manage, maintain, develop and optimise the entire concession area. – SAnews.gov.za
The signing of the MoU is the formalisation of discussions that have been developed through extensive bilateral talks and visits over an extended period of time.
Speaking at the signing ceremony held in Sandton, north of Johannesburg, TNPA’s Chief Executive Tau Morwe said the MoU opened up collaboration on matters of mutual interest in the areas of infrastructure development, engineering, training and marine services.
“We believe that in the spirit of cooperation, we can be exponentially more efficient and play a key role in lifting intra-regional trade within the Southern African Development Community (SADC) region from its current level of 12 percent.
“What we can achieve remains to be seen, but we should aspire to achieve the figures of other leading regional economic communities, such as those of Asia and Europe where intra-regional trade is in the region of 60 percent,†Morwe said.
Echoing Morwe’s sentiments, the MPDC’s CEO, Osorio Lucas, said the MoU represented major potential for the two countries.
“I am ecstatic about the signing of the MoU, which has the intention of fostering competitiveness and growth, and the realisation of the MPDC’s vision of propelling the region forward.
“It is an important step toward, fostering greater intra-regional cooperation, which is a key priority of the SADC region and the Common Market of Eastern and Southern Africa (Comesa),†Lucas said.
Other areas of collaboration include assistance with the unbundling of the MPDC into a Port Authority and Port Operations, the transition of cargo from road to rail, and nautical matters.
Regional integration is in line with Transnet’s Market Demand Strategy, which among its imperatives, calls for a review of the state owned entity’s role in the development of the North-South logistics corridor.
TNPA is one of five operating divisions of Transnet SOC Ltd. The national ports authority is responsible for the safe, effective and efficient economic functioning of the national port system, which it manages in a landlord capacity.
The MPDC is a national private company, which resulted from a partnership between the Mozambican Railway Company, Grindrod and DP World. Port Maputo holds the rights to finance, rehabilitate, construct, operate, manage, maintain, develop and optimise the entire concession area.
It holds the rights to finance, rehabilitate, construct, operate, manage, maintain, develop and optimise the entire concession area. – SAnews.gov.za