Transit Customs Regime Diagnosis and Recommendations ... - MCLI
Transit Customs Regime Diagnosis and Recommendations ... - MCLI
Transit Customs Regime Diagnosis and Recommendations ... - MCLI
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Draft Report for SSATP –<strong>MCLI</strong> Mozambique <strong>Transit</strong> <strong>Regime</strong> Project<br />
3.4 Financial Impacts for Mozambique<br />
Port of Maputo Competiveness<br />
The development of the Port of Maputo depends on transit cargo to increase volumes.<br />
Without a bi-directional flow of transit cargo on the corridor, the implementation of the port<br />
20 year master plan with its estimated USD 1 Billion planned investments may in some<br />
areas be greatly impeded because without the transit import tonnages for South African<br />
the expected growth will not materialise <strong>and</strong> may result in the full port master plan to be<br />
not economically viable.<br />
Transhipment cargo is required to obtain volumes of scale to attract direct shipping lines<br />
to the port.<br />
Impact on the Mozambique Economy<br />
Revenue Loss<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
Transhipment cargo has stopped, a loss of revenue to the economy<br />
Import transit flows are inhibited by bond requirements<br />
Fewer vessels call Maputo<br />
Less revenue is earned<br />
Fewer jobs are available<br />
Less tax revenue is earned from the port, rail, road <strong>and</strong> related industries<br />
Fewer jobs mean less individual tax is paid<br />
Less investment in the economy<br />
Less economic improvement for Mozambique <strong>and</strong> countries it serves<br />
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