Africa Global Logistics has signed a concession contract for the multipurpose terminal at the port of Lobito, Angola, and has confirmed it will invest nearly EU€100mn (approx. US$110mn) to help turn the port into a modern, efficient and competitive port platform
AGL Ports and Terminals managing director, Olivier De Noray, signed the contract with chairman of Lobito Port, Celso Rosas, in the presence of chairman of the commission, Joao Fenandes; legal manager of the Angolan Ministry Transport, Pedro Maza; and Vice Govenor of Benguela Province, Lidia Amaro.
De Noray remarked, “With the support of the world’s leading shipowner, MSC, AGL’s industrial project will improve the connectivity of the Lobito Port platform. It will boost trade in the region and support industrialization efforts. The Port of Lobito will thus be involved in the development of agricultural projects, construction sites and tertiary services companies.”
The injection of funding from AGL will help enhance the competitiveness of the port platform in order to meet customers’ expectations, encouraging more traffic and ultimately contributing to the growth and diversification of the country’s economy. At key position in sub-Saharan Africa, the port is ideally located to serve as a key link for delivering strategic minerals and associated products from the Copperbelt region to international markets. As such, it will benefit from the rail line rehabilitation and construction projects currently underway between DRC, Zambia, Angola and the wider region.
With a 14 m deep quay the Port of Lobito will allow Angola to accommodate large capacity vessels. AGL will manage the multipurpose terminal, including the container activity, which has 1,200 m of quay, a storage area with a capacity of 12,000 twenty-foot equivalent units (TEUs) and handling equipment.
There have been wider plans to enhance southern African links to global markets: https://africanreview.com/transport-a-logistics/plans-to-enhance-southern-africa-links-to-global-markets
