Ver Angola

Energy

The Ocean Terminal of Barra do Dande will count on investment from Africa Finance Corporation

Several projects in the country, among them the Ocean Terminal of Barra do Dande, located in Bengo, will count on investment from the Africa Finance Corporation (AFC).

: Angop
Angop  

Cited by Angop, Ini Urua, deputy director of the AFC, said that the entity has been in dialogue with the government and national private institutions with a view to finding ways to enable investments in Angola.

Speaking on the sidelines of a visit to Bengo, to analyze the terminal's investment potential, the official revealed that besides the terminal, the AFC also recognized the Barra do Dande Free Zone, the Lobito refinery and the Soyo refinery as potential future projects to be invested in.

In his turn, Mauro Graça, director of the terminal project, made it known that for the first phase of construction of the project to be concluded, US$600 million were needed. The responsible, also cited by Angop, said that the project management intends to open part of the capital to private investors, in order to share the risk and investment.

The AFC is a capable institution and has technical knowledge in the sector, considered the official.

He also added that the first phase of the terminal construction will advance between August and September and will involve 1500 employees.

The terminal, located in the future free zone of Barra do Dande, will improve the storage and commercialization capacity of oil derivatives.

Framed in the 2018-2022 National Development Plan, the terminal, in a first phase, will be able to store 580,000 cubic meters of petroleum products.

The AFC was created in 2007 with the objective of providing solutions to the infrastructure deficit on the continent, through financing, project development, among others.

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