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DP World management to double the capacity of the port of Luanda

The container handling capacity at the port of Luanda will double in the next 20 years, the financial advisor for the negotiation between Angola and DP World, the concessionaire who will manage the port, told Lusa.

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"There will be an investment of close to US $ 200 million for the multi-purpose terminal at the port of Luanda to have first-rate equipment, which will allow this poor and obsolete infrastructure to be equipped with modern and efficient equipment, greatly increasing efficiency and capacity. of container handling, which will increase from 350 thousand to 700 thousand containers per year in 20 years ", said Nuno Gil.

In an interview to Lusa following the signing of the concession contract, on 25 January, this founding partner of the consultancy Eaglestone explained that the increase in capacity "is relevant because [infrastructure] is a crucial sector for Angola's economic growth. since, despite the conjuncture, the pandemic will have to end, and commercial transactions will gain an increasing dynamism ".

The concession agreement was signed last week in Luanda by the chairman of the Board of Directors of the Port of Luanda, Alberto António Bengue, and the president of the group and executive president of DP World, Ahmed Bin Sulayem.

The agreement provides for an investment of 190 million dollars over the concession period, as well as the payment of amounts in excess of 440 million dollars.

Payments over the concession period will amount to more than 1,000 million dollars, of which 150 million dollars will be paid on the date the contract is signed.

"The port of Luanda has an obsolete infrastructure and equipment, not having the capacity to use due to the lack of maintenance, and will now have equipment with an operational efficiency level of the best ports in the West, which will allow Angola to achieve a of the main objectives, which is to be a big importer, but also an exporter ", said Nuno Gil.

For the person responsible for the financial analysis of the proposals evaluated by the Government of Angola, "the country has unique natural characteristics, in agriculture, a lot of land, a highly favorable climate and investments like this will enable Angola, in the macroeconomic perspective, to have a strong capacity for exchanges. with neighbors ".

The port of Luanda is the largest national port infrastructure, being responsible for 70 percent of cargo movements transported by sea to Angola.

DP World, in Dubai, is the fifth largest port operator in the world.

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