Angola: BDA bank approves projects for construction materials industry

10 June 2008

Luanda, Angola, 10 June – Angolan bank, Banco de Desenvolvimento de Angola (BDA), recently approved five projects for the construction materials industry, worth a total of over 1.3 billion kwanzas or US$17.5 million.

According to a press release from the bank cited by Angolan news agency Angop, the projects, all of which put forward by private companies, will be implemented in the provinces of Bengo and Luanda.

The projects aim to build two cermics factories, a plastic factory, a concrete products factory and an aggregates unit.

The two ceramics factories, according to the statement, will be built in Luanda province, one in the municipality of Cacuaco and another in Viana. These factories will produce bricks, roof tiles and other ceramic accessories and may, together, provide over 140 new jobs.

The plastics factory will be built in Viana municipality and its main aim is to produce water and fuel tanks of different sizes, PVC piping and various polyethylene moulds.

The concrete products factory, to be built in Viana, is aimed at manufacturing paving slabs, pre-fabricated walls for fencing and curbstones.

In its turn, the aggregate unit, to be set up in the municipality of Dande, in Bengo province, expects to produce between 100 and 120 tonnes of gravel per hour, to supply construction and public works companies. (macauhub)