{"id":42803,"date":"2023-07-17T11:04:36","date_gmt":"2023-07-17T11:04:36","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/more-income-distributed-to-ports-railways"},"modified":"2023-07-17T11:25:41","modified_gmt":"2023-07-17T11:25:41","slug":"more-income-distributed-to-ports-railways","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/more-income-distributed-to-ports-railways","title":{"rendered":"More income distributed to ports, railways"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Ports and Railways Company of Mozambique (CFM) will now receive more revenue from railway-port concession contracts to encourage investment in the sector, according to a government decree seen by Lusa on Thursday.<\/p>\n

The measure, approved by a cabinet decree of 6 July, is justified by the \u201cneed to update the revenue sharing regime for fixed and variable fees\u201d in the railway-port concession contracts, repealing the previous one from 2000.<\/p>\n

Specifically, it involves the revenue resulting from the collection of the award fee and signature bonus, as well as fixed and variable fees, arising from the award of concession contracts for the design, construction, maintenance, management and operation of \u201cexisting and future\u201d ports and railway systems.<\/p>\n

In the case of railway concessions, CFM will keep 75% of these revenues (50% previously), with 15% going to the state and 10% to the sector\u2019s regulatory bodies.<\/p>\n

In port concessions, excluding the Port of Beira, CFM will keep 50% of these revenues, the state 25%, and the regulatory bodies another 25%, in this case, distributed equally between the Ferro-Port Institute of Mozambique, the Institute of Maritime Transport and the National Institute of the Sea.<\/p>\n

In the case of the Port of Beira, the \u201ctotal revenue from fixed and variable fees of this port concession\u201d will be allocated to CFM \u201cto safeguard the fulfilment, on behalf of the State, of the obligations of the granting authority\u201d namely \u201cthose relating to the financing of dredging, operationalisation of navigation along the access channel, pilotage services, tugboats, aid to navigation and regular maintenance of the berth work of the quays\u201d.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The Ports and Railways Company of Mozambique (CFM) will now receive more revenue from railway-port concession contracts to encourage investment in the sector, according to a government decree seen by Lusa on Thursday. The measure, approved by a cabinet decree of 6 July, is justified by the \u201cneed to update the revenue […]<\/p>\n","protected":false},"author":84,"featured_media":42802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-42803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nMore income distributed to ports, railways - Mozambique<\/title>\n<meta name=\"description\" content=\"The Ports and Railways Company of Mozambique (CFM) will now receive more revenue from railway-port concession contracts ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/more-income-distributed-to-ports-railways\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More income distributed to ports, railways\" \/>\n<meta property=\"og:description\" content=\"The Ports and Railways Company of Mozambique (CFM) will now receive more revenue from railway-port concession contracts ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/more-income-distributed-to-ports-railways\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-17T11:04:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-17T11:25:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1689576789.126902.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/more-income-distributed-to-ports-railways#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/more-income-distributed-to-ports-railways\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"More income distributed to ports, railways\",\"datePublished\":\"2023-07-17T11:04:36+00:00\",\"dateModified\":\"2023-07-17T11:25:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/more-income-distributed-to-ports-railways\"},\"wordCount\":273,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/more-income-distributed-to-ports-railways#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1689576789.126902.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/more-income-distributed-to-ports-railways#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/more-income-distributed-to-ports-railways\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/more-income-distributed-to-ports-railways\",\"name\":\"More income distributed to ports, railways - 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