Angola attracts 900 million dollar investment for new logistics hub near Luanda
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- Chinese companies will make a logistics investment worth 900 million dollars in Angola's Barra do Dande region.
- The project includes the construction of a port terminal with an annual cargo capacity of 20 million tons and comprehensive infrastructure.
- The first phase of construction is planned to be completed within two years and the project is scheduled to be finalized in 2030.
- The Angola government expects the investment's first phase to create approximately 21 thousand new job opportunities.
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Huatong Angola Industry and Berkshire Waterhouse Infrastructure Development will invest 900 million dollars in the Barra do Dande Integrated Development Free Zone near Angola's capital, Luanda. According to Bloomberg, the project will be fully financed by private resources and will include construction, operation, and management processes.
As part of the project, a terminal capable of receiving ships with a capacity of 80 thousand tons and transporting approximately 20 million tons of cargo per year will be built. While a 450 million dollar portion is allocated for the construction of the port terminal, the remaining amount will be spent on establishing roads, energy grids, and other infrastructure over an area of more than five thousand hectares.
The project, planned in three phases, aims to complete its first stage within two years and to be fully completed by 2030. The first phase has a 25-year concession period, and the Angola government anticipates that these investments will create approximately 21 thousand new jobs in the initial phase.
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- How much investment will be made in the new logistics hub in Angola?
- Huatong Angola Industry and Berkshire Waterhouse Infrastructure Development companies will invest a total of 900 million dollars in the project.
- What will be the capacity of the new port terminal?
- The terminal will be built with the capacity to host ships up to 80 thousand tons and handle approximately 20 million tons of cargo movement annually.
- What is the completion timeline and employment target of the project?
- The first stage of the three-phase project will be completed within two years, and the overall completion target is 2030. The first phase is expected to create 21 thousand new jobs.
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- SANA·