Angola: Japan provides funding of US$39 million to refurbish ports of Namibe and Lobito

21 May 2008

Luanda, Angola, 21 May – Japan and Angola have signed a deal in which Japan is to grant US$39 million for the refurbishment of the facilities at the ports of Lobito and Namibe, according to Angolan newspaper, Jornal de Angola.

The agreement was signed Friday at the Foreign Relations Ministry, by deputy minister for Foreign Relations, Irene Alexandra da Silva Neto, and the Japanese ambassador to Angola, Susumu Shibata.

In 2006 Japan carried out a study of the rehabilitation of four of the most important ports in Angola and identified the ports of Lobito and Namibe as the ones that should first be refurbished first.

The project is to be funded by Japan and will be implemented with the cooperation of the Ministry of Transport and the Lobito and Namibe port authorities.

The loan agreement was reached in January when senator Tetsuro Yano visited Angola, as the special envoy of the Prime Minister of Japan, for talks.

The Japanese funding will make it possible to improve port facilities, namely in the docking area, the internal rail sector and equipment needed to handle containers. (macauhub)