The launch of the first phase of the expansion of the Luanda Multipurpose Terminal was witnessed by the Minister of Transport, Ricardo D’Abreu. The project is an investment by a consortium, initially valued at USD 250 million, aimed at expanding and modernizing the terminal, which will increase capacity from 50,000 to 380,000 containers per year once works are completed.
Under a 20-year concession agreement between the Angolan Government and AD Ports Group, the Port of Luanda will, for the first time, be equipped with cranes, which are currently lacking. This will boost operational efficiency and reduce costs for the Angolan economy.
Investment Could Reach USD 380 Million
According to Ricardo D’Abreu, Minister of Transport, the initial investment is USD 250 million, but could gradually increase to USD 380 million.
With the expansion and modernization of the Multipurpose Terminal, the Port of Luanda’s handling capacity will rise from the current 50,000 containers to 380,000 per year.
Source: O País
