Malawi’s Ministry of Transport Advocates for Increased Exports

Malawi’s Secretary for Transport, David Mzandu, urges an increase in exports to benefit from the Nacala Corridor’s development. The project aims to reduce cargo landing costs and improve transport efficiency among Malawi, Mozambique, and Zambia. Facilitated by the World Bank, it is set for completion by 2027.

The Secretary for Transport and Public Works, David Mzandu, has emphasized Malawi’s need to increase export volumes to outpace imports for the optimal benefits from the Nacala Corridor’s development. His remarks were made during the 9th Tripartite Meeting of the Nacala Development Corridor Management Committee held in Lilongwe, which aimed to review ongoing projects and foster collaborative efforts among stakeholders.

Mzandu noted that the corridor management is in its early stages and highlighted the potential for significantly lower cargo landing costs once fully operational. At present, a significant portion of Malawi’s cargo is transported via road from Beira and Dar es Salaam, a method that carries higher expenses.

The meeting convened essential stakeholders, including private sector representatives from Malawi, Mozambique, and Zambia, to discuss advancements and share insights on enhancing regional trade integration. The overarching goal of the project is to lower transportation costs and improve trade among the three nations.

Ambrósio Adolfo Sitoe, Mozambique’s Permanent Secretary for the Ministry of Transport and Logistics, reinforced the significance of the corridor’s development in creating new opportunities for managing current and future cargo. Present limitations in facilities have hampered this potential, and the initiative offers a vital move towards economic development and deeper regional integration.

The Nacala Corridor is supported by funding from the World Bank through the Southern Africa Trade Connectivity Project (SATCP), which commenced in 2021 and is projected for completion in 2027.

In summary, the Ministry of Transport in Malawi advocates for enhanced export activities to leverage the benefits of the Nacala Corridor development. The initiative aims to achieve lower transportation costs and foster regional trade collaboration among Malawi, Mozambique, and Zambia. As the project progresses, it promises to unlock economic opportunities and strengthen infrastructure needed for future cargo handling, culminating in its expected completion by 2027.

Original Source: www.nyasatimes.com