Angola: Modernisation of port of Lobito to cost US$1.8 billion

20 August 2008

Lobito, Angola, 19 Aug – The expansion and modernisation of the commercial port of Lobito, on the coast of central Angola, work on which is underway, is expected to cost US$1.8 billion, Angola’s transport minister Augusto Tomás said in Lobito.

According to Angolan news agency Angop, the investment will make it possible to build new facilities and modernise existing ones, which will give the port greater capacity to receive any type of cargo, the minister said on a visit to the port complex Friday.

Construction of the dry dock, creation of a quay for mining products and another for activities linked to the future Lobito refinery are part of the expansion plan.

The construction programme also includes paving the port across an area of 3 square kilometres, as well as setting up a new railway line for the company’s internal trains, work on which is already underway.

The port of Lobito, the second largest in Angola by cargo processed, was built in 1928, to serve as a departure point for transporting mining products from the Katanga region, in the Democratic Republic of Congo, at the time a Belgian colony, to Europe.

With the construction of the port the Benguela railroad was created, stretching 1,314 kilometres and, which is currently under reconstruction. (macauhub)