Africa-Press – Mozambique. For the 26th consecutive year, the Trans African Concessions (TRAC) generated zero meticais in dividends for the Mozambican state, and continues to pay nothing for the concession of National Highway No. 4 (N4) despite the profits it obtains mainly from the toll it set up on National Highway No. 2 (N2).
The General State Account indicates that, during 2022, TRAC, a South African company with some Mozambican investors, invoiced only 1.6 billion meticais, obtaining a profit of around 100 million meticais. However, the company paid zero meticais in dividends to the state and zero meticais in fees for the concession of a portion of the N4 in Mozambique.
The newspaper @Verdade has learned that even the state-owned Rede Viária de Moçambique (REVIMO) pays fees for the concessions of National Highway No. 6 (Beira-Machipanda section), the Maputo Ring Road, R804 Marracuene-Macaneta, Maputo-KaTembe Bridge and the roads connecting Maputo-Fronteira da Ponta do Ouro, Zitundo-Vila da Ponta do Ouro and Bela Vista-Boane, which it operates.
Paradoxically, although the TRAC Public Private Partnership, which dates back to 1997, has as its object the design, construction, financing, operations for 30 years and maintenance of a portion of the N4 – from the so-called Shoprite intersection to the border town of Ressano Garcia – the government at the time led by Joaquim Chissano made it possible for them to install a toll on the N2, the so-called Portagem de Maputo.
On the other hand, the toll in Maputo is only about 50 kilometres from the toll in Moamba, which is somewhat unfair for Mozambicans, given that, on the South African side. the tolls are at least 100 kilometres apart.
The Mozambican partners of TRAC are grouped in the Sociedade de Desenvolvimento do Corredor do Maputo SARL. They are the state-owned companies EMOSE, Tmcel, CFM, EDM, PETROMOC, Aeroportos de Moçambique and the Sociedade de Controlo e Gestão de Participações ,which includes several Frelimo bigwigs .
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