DP World to operate the multipurpose terminal at Port of Luanda
DP World signed a 20-year concession agreement with the Government of Angola to operate the Multipurpose Terminal (MPT) at the Port of Luanda.
The agreement was signed recently in Luanda today by António Bengue, Chairman, Porto de Luanda and Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World.
The MPT will be 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.
Under the agreement, DP World will invest US$ 190mn over the 20-year period of the concession, with plans to rehabilitate the existing infrastructure and acquire new equipment to bring operations in line with global standards and improve the efficiency of the MPT.
This is part of the broader aim of increasing the terminal’s annual throughput to approximately 700,000 TEUs per year. This will be supported by a modern port management system, as well as further training and development of Angolan staff employed at the terminal.
“Our entry into Angola and planned investment in the terminal, as outlined in the agreement, reflects our belief in the potential for further economic growth in the country,” observed Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World.
“We understand that the performance of the Transport Sector in our country must count on key players such as DP World, to help us both modernise our infrastructure, as well as make it more competitive,” noted Ricardo de Abreu, Minister of Transport of the Government of Angola.
