Port of Lobito, Angola, receives investment of US$1.247 billion

22 August 2014

The dry dock, container terminal and ore terminal at the port of Lobito, in Angola’s Benguela province, costing and estimated US$1.247 billion, were Thursday inaugurated by the President of Angola, Angolan news agency Angop reported.

The container terminal is 414 metres long, the ore terminal has a 310-metre jetty and the dry dock is directly connected by road and rail to the port of Lobito and the Benguela Railroad, providing an area of ​​90,000 square meters.

The container terminal cost US$673 million, the ore terminal US$522 million and the dry dock US$32 million, and the total investment also included acquisition of a multipurpose tugboat (US$16 million) and a speedboat (US$4 million).

The inauguration were included in the meeting of the Economic Commission of the Council of Ministers, chaired Thursday in Lobito by the Angolan President, José Eduardo dos Santos.

The connection between sea transport in the port city of Lobito and the Benguela Railroad that runs to the border (Moxico province), is part of Angola’s strategy to attract exports from the Angolan interior as well as from other countries in the sub-region, such as Zambia and the Democratic Republic of Congo. (macauhub/AO)