UAE-based multinational logistics company DP World has been chosen as the preferred bidder to enter into negotiations with the government of Angola for a 20-year concession and operation of the Multipurpose Terminal (MPT) at the Port of Luanda.
DP World and the Angolan Government have entered into formal discussions on the concession agreement, following an international tender process and subsequent announcement of DP World’s selection by the evaluation committee set up by the Angolan Ministry of Transport.
DP World plans to invest $190 million over the 20-year duration of the contract, with strategies to rehabilitate existing infrastructure and acquire new facilities to carry operations in line with global standards and enhance the productivity of the MPT, with the wider objective of increasing annual output to about 700,000 TEUs (Twenty-foot equivalent units) per year. The project also includes training and development for the current staff.
Sultan bin Sulayem Chairman & CEO DP World Group
“We believe in Angola’s strong potential for further economic growth and are keen to play our role in the country’s development. 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. DP World has a strong track record in Africa and across the world, of operating ports and logistics businesses to the highest standards, creating trade corridors, and contributing to the economic growth in the countries in which we work. We look forward to working closely with the government of Angola on the concession agreement and would like to thank them for the opportunity to forge a partnership with us.”
The MPT at the Port of Luanda handles both containers and general cargo. And, It has a 610-meter quay with a 12.5-meter depth and a 23-hectare yard.
This will be the first seaport terminal to be owned and controlled by DP World on the western coast of Southern Africa and will further expand the presence of the company in Africa.
Recently, DP World has inked a deal with Senegal (West African country) to establish its deep-water port of Ndayane, marking the largest port investment in Africa.
