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APMT clinches Luanda concession deal

APMT clinches Luanda concession deal

Angola is a large producer of oil and has a fast-growing economy, with double-digit GDP growth expected to continue in the years ahead. Major infrastructure investment is underway in the oil/gas and related industries and there is continued development of hinterland road and rail links to further stimulate economic development and international trade.

The country is looking to the Port of Luanda to support its reconstruction efforts, said Angolan Transport Minister André Luís Brandão at the signing ceremony for the concession. The consortium will need to re-equip the terminal with new infrastructure and equipment and raise the level of productivity at the port, which has become notorious for lengthy delays.

According to Brandão, the Angolan government is looking for similar public-private partnerships to assist in the reconstruction of the country, and he urged foreign investors to see Angola as a destination for such investment.

Simon Pitout, head of APM Terminals Africa Region, based in Cape Town, South Africa, commented: “We are excited about the Luanda concession and the high growth market it offers our customers. This new facility increases APMT’s African presence and complements our existing facilities in Lagos and Onne (Nigeria), Douala (Cameroon), Abidjan (Cote d’Ivoire) and Tema (Ghana).

“We look forward to continuing the positive spirit of cooperation with the Angolan authorities to develop Luanda Container Terminal into a world-class facility and a leading container terminal in the region. Sogester plans to make substantial investments and improvements to the container yard, quayside and terminal handling equipment.”