Angola plans to renegotiate Luanda Port concession only in 2009

27 June 2006

Lisbon, Portugal, 27 June – The Angolan government has said it will only renegotiate the concession for the Port of Luanda as of 2009, when the new port is concluded and which will be located to the North of the capital, the deputy minister of public works said.

“The current port is too congested. So we are working on a project to transfer it to the North of Luanda and within three to five years the new commercial port will be concluded. At that time we will renegotiate the concession,” said José Ferreira ijn an interview with Portuguese daily newspaper, Diário de Notícias.

Ferreira called for Portuguese investment in Angola, particularly in construction, and emphasized the fact that there were both legal and administrative conditions for this to be the case.

“We particularly need new roads, railways, more social housing, power, water, hospital and schools,” he said.

According to Ferreira, bureaucracy in Angola, “has ended, and foreign businesspeople can register a company in Angola, as can Angolans, within a week. In fact, it is the law itself that states that the government has 15 days to approve or deny the creation of a company.”

other incentives to investment are the new private sector law, “which allows the building of a network of capital without any problems,” and also offers, “exemption from customs taxes for tools that are important for carrying out the activity,” and of “industrial taxes, for four or five years,” for new projects.

In the interview, Ferreira called for Portuguese and Angolan companies to set up partnerships, saying that this was the best way of launching new projects in Angola.

“We have projects that are in the market the way we have always carried them out, but it is important for the Portuguese to set up in our market, to set up a base there, and structures, and associating themselves to Angolan businesspeople,” he said.

Portugal is currently Angola’s main commercial partner, ahead of South Africa, Brazil and China.

In the first quarter, Portuguese exports to Angola increased 49 percent, against the same period of last year, boosting the strong growth trend begun in 2005. (macauhub)