The UAE-based global ports and logistics operator plans to invest $190m over the 20-year period of the concession in rehabilitation of existing infrastructure and acquisition of new equipment in order to increase efficiency at MPT and bring operations in line with international standards,
The broader aim to increase annual throughput to 700,000 teu a year and will include the training and development of existing staff, says DP World, which will now enter into formal talks in a concession agreement with the Angolan Government.
“We believe in Angola’s strong potential for further economic growth and are keen to play our role in the country’s development,” commented Sultan Ahmed Bin Sulayem, group chairman and ceo of DP World.
“Angola’s location on the Atlantic Ocean in Southern Africa means it has the opportunity to benefit from flows of trade into the surrounding region.”
Handling both containers and general cargo, port of Luanda’s MPT has a quay of 610 m with a depth of 12.5 m and a yard of 23 ha. Once the concession agreement is signed, it will become the first seaport terminal located on the western coast of Southern Africa to be operated and managed by DP World, and will further extend the company’s footprint in Africa.
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