Modernisation of port of Luanda, Angola to cost over US$350 million

30 June 2010

Luanda, Angola, 30 June – The chairman of the port of Luanda management company, Francisco Venâncio, said Tuesday in Luanda that the modernisation of the port facilities involves an investment of over US$350 million.

At the end of a visit by a US commercial delegation, Venâncio said that the amount quoted was the sum of investment programmes underway for each of the companies that has a concession to operate in the port of Luanda.

“We manage and analyse a set of information and, with the synergies that are available between the board and the operators, we will be able not only to meet the standards of the United States of America, but also of other partners,” said the chairman of the Port of Luanda.

Cited by Angolan news agency Angop, Venâncio also said that, with this visit, the US delegation would understand the efforts being made to refurbish the port in order to achieve efficiency and profitability indicators.

At the time, the US assistant trade representative for Africa, Florizelle B. Liser, said that the visit had been positive as it had been possible to see the progress made by the port of Luanda. (macauhub)