DP World to invest US$190m in Terminal at Port of Luanda, Angola
Global logistics services provider, DP World, has signed a 20-year concession agreement with Angola’s Government to operate the Multi-purpose Terminal (MPT) at the Port of Luanda.
DP World is a global provider of smart logistics solutions and is headquartered in Dubai. During the period of the concession, DP World will invest US$190 million into the seaport.
The MPT is the first seaport terminal located on the western coast of Southern Africa to be managed and operated by DP World. The terminal’s annual productive capacity is targeted to increase to approximately 700,000 Twenty-foot Equivalent Units (TEUs) per year through this agreement.
DP World was selected as the preferred bidder by an evaluation committee set up by the Angolan Ministry of Transport, following an international tender process. Under this agreement, DP World will rehabilitate the existing infrastructure and acquire new equipment to bring the port’s operations in line with global standards.
The company will also improve the MPT’s efficiency as part of the strategy to expand the annual throughput to 700,000 TEUs. Modern port management and further training and development of the Angolan staff are some strategies to be deployed.
Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said, “We are delighted to sign the concession agreement and forge a partnership with the Government of Angola. Our entry into Angola and planned investment in the terminal, as outlined in the agreement, reflects our belief in the potential for further economic growth in the country."
“We look forward to playing our role in supporting the government to achieve its growth objectives through this key sector by leveraging our expertise, not just as a port operator, but also as a global provider of end-to-end logistics solutions.”
Ricardo de Abreu, the Minister of Transport of the Government of Angola, said, “We understand that the performance of the Transport Sector in our country must count on key players such as DP World to help us both modernize our infrastructure, as well as make it more competitive.”
“Maintaining the jobs of workers assigned to the terminal, the implementation of a training and capacity building plan in different areas by the concessionaire, and the inclusion of middle and senior Angolan staff in its decision-making structure, are some of the other gains from this relationship that we greatly appreciate.”
The Port of Luanda is the largest port in the country. It is located in a natural bay in the country’s capital. Because of its regional location, it is a mandatory stop on the sea routes along the west of the continent. This also gives the port an excellent opportunity to benefit from the trade flows into the surrounding regions. The Multi-purpose Terminal (MPT) will soon be the largest such facility in Angola.
Photo: New expansion of the Port of Luanda (DiogoC300 | Wikimedia Commons)
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