According to a note from the Port of Luanda, cited by Angop, the nine proposals concern companies from several countries that have experience in port management.
Among the various requirements of the tender, the candidates had to prove that, in the last three fiscal years, the average annual turnover was not less than 100 million dollars. They also had to ensure that their net assets were not less than 100 million dollars and their paid-up equity was not less than 25 million dollars.
According to the note, the move of the terminal management into the hands of a private company will help improve the efficiency of Angola's port activity, which can handle more than 2 million tons of cargo per year.
The Luanda Port Terminal can handle containerised or general cargo. Containerised cargo handling accounts for more than half of the terminal's operation (51 percent), while 44 percent of the terminal's capacity is used to move general cargo.
