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 AndrÃ© LuÃs BrandÃ£o 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 BrandÃ£o, 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.