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Thu, 28 Sep 2017 18:50 - Updated Thu, 28 Sep 2017 18:49

Huíla: CFM yields over AKz 140 million

Lubango - At least AKz 145 million is the amount collected last year by the Moçâmedes Railroad (CFM), with transport of several cargo and passengers, said Thursday the company's CEO in Lubango, southern Huila province.

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Huíla: CEO of CFM, Daniel Quipaxe

Photo: Morais Silva

Daniel Quipaxe was speaking to Angop in the light of celebration of 112th anniversary of the company.

He attributed the amount to the transport of fuel, wood, granite, agricultural products and some container cargo bound for Namibe Port.

Daniel Quipaxe considered the revenues still insufficient to meet the operational costs, currently set at between 500 and 700 million Kwanzas per year.

The manager said that the company will not raise its profit unless it meets its social purpose.

The company’s goal include transport of iron ore from the municipality of Jamba to the Port of Namibe.

CFM awaits the coming into operation of the branches of Cassinga and Tchamutete (municipality of Jamba).

The company transports five thousand tons of cargo/month, making a total of 60,000 in a yearly basis, clarified the CEO of CFM.

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