Visit by François Hollande to Angola results in orders for French companies

6 July 2015

The visit by the President of France, François Hollande, to Angola resulted in the signing of letters of intent to order hundreds of millions of euros of shipbuilding and infrastructure construction from French companies.

These agreements were reached during the Angola/France business forum, which was attended by dozens of businessmen from both countries, one of which was between French company Ecoceane, specialised in construction of anti-marine pollution vessels, and Angola’s LTP Energy.

The two companies will form a consortium for the supply of nine anti-pollution vessels to oil companies operating in Angola, with an estimated cost of US$50 million (45 million euros).

A second letter of intent, for a deal worth US$195 million (175 million euros), involves French company Eiffage and the Ministry of Construction in Angola and provides for construction of five bridges in Luanda, 16 pedestrian bridges in Luanda and 21 in Benguela province, as well as a bridge in Cabinda.

Another agreement between Eiffage and the Ministry of Construction in the amount of US$200 million (180 million euros), provides for installation of 104 footbridges and is ready to be implemented.

Another letter of intent involves Hydroquest, a French company specialised in assembling floating structures, and Angola’s LTP Energy, to supply 300 turbines to produce electricity, through a consortium that will negotiate the purchase directly with the Angolan Ministry of Energy and Water.

At the Angola/France economic forum another agreement was signed by the French Development Agency (AFD) and the Angolan Ministry of Finance, with a view to opening and AFD office in Luanda and to provide financial support for projects in the water, sanitation and energy sectors. (macauhub/AO)