Nsanje port sold to US investors

A team of trade and
investment experts from
Malawi have asked United
States of America (USA)’s
business captains to
contribute towards
implementation of the
Nsanje World Inland Port and
seize the investment
opportunity the project
presents.
Minister of Industry and
Trade Joseph Mwanamvekha
made the case for the port
project, which is awaiting
the completion of a feasibility
study to start, at the US
Chamber of Commerce (USCC)
in Washington DC on
Saturday.
Making his presentation to
whet the appetite of the
business gurus that included
USCC vice-president Scott
Eisner and vice-president of
Phillip Morris International,
Jon Heunemann,
Mwanamvekha said the port
project was
transformational.
He explained that the project
presents a number of
investment opportunities
associated with provision of
rail, road and water
transportation services;
airport development,
businesses in tourism, as
well as value addition
enterprises.
“We invite you to explore
and take up these
transformational projects,”
said Mwanamvekha.
He was assisted in the
meeting by President Peter
Mutharika’s chief economic
adviser, Collins Magalasi and
Malawi Investment and Trade
Centre (Mitc) chief executive
officer Clement Kumbemba.
The inland port, which is a
multi-million dollar project, is
aimed at increasing national
and regional
competitiveness, by offering
shorter and cheaper access
to the Indian Ocean, through
Shire River in Nsanje and the
Zambezi River.
According to the project’s
literature, the port is
expected to be an economic
hub, serving the Malawi,
Zambia, Zimbabwe,
Mozambican economies and
other countries, in southern
Africa.
These landlocked countries
are likely to improve their
import and export volumes,
following the opening of the
facility on Malawi’s biggest
river.
Transport costs have driven
the prices of imports and
exports with insurance
charging for potential
accidents and thefts.
The project’s design shows
that the harbour at Nsanje,
which was opened four year
ago, would include a mobile
port crane, roll-on and roll off
facilities, retaining structures,
navigation aids, container
stacking and handling areas,
general cargo handling and
storage areas, weighbridge,
ware houses, electrical
substation, office buildings
and vehicle parking facilities.
Phase two of construction
was supposed to involve
erection of offices for port
authorities and the Malawi
Revenue Authority (MRA), all
covering 10 000 square
metres.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s