Angolan government invests US$1.2 billion in port of Lobito

27 March 2012

The Angolan government has invested US$1.2 billion in modernising and expanding the Commercial Port of Lobito, work on which is about to end, the chairman of the board of the port company, Anapaz de Jesus Neto said Saturday.

According to Jesus Neto, who was speaking at the ceremony to commemorate the company’s 84th anniversary, the investment is being used to build a terminal for loading and unloading mining products, which has been built on the right-bank of Lobito Bay.

In the future the jetty will be able to moor 12 ships at a time instead of the 8 ships it can accommodate at the moment and handle around 11 million tons of cargo per year.

The investments also cover construction of a dry dock, which will be used to unload container cargo and for other port services. (macauhub)