Angolan government uses Polish credit line to pay for work at new Luanda airport

9 August 2017

The Angolan government will use US$113 million from a credit line opened by Poland’s BGK bank to award two work contracts for the new Luanda international airport under construction in the municipality of Icolo e Bengo 30 km from the capital, per the terms of a presidential order.

The first work contract, worth US$93.3 million covers finishing and equipping the protocol section of the VIP terminal and the manufacture and supply of external infrastructures and equipment for the new airport. The second is worth US$19.7 million and covers building and equipping the aeronautic training centre.

The presidential order authorises the transportation minister to sign the respective contracts with the companies Quenda Business Initiative and Cipro.

“The Finance Ministry is authorised to proceed to frame the aforementioned contracts in the scope of the financing programme with the credit line from Poland’s BGK bank and to create conditions to assure financial implementation of the respective work contracts,” the presidential order also specifies.

According to estimates by Lusa news agency, based on the sum of several contracts already signed, the cost of building Luanda’s new international airport has already surpassed US$6.4 billion.

Construction of the airport, under way since 2004, was contracted to the China International Fund Limited company for US$3.8 billion. The equipment to be supplied by the China National Aero-Technology International Engineering Corporation costs US$1.4 billion.

A consortium led by China Hyway Group Limited was contracted in 2015 to build the railway branch line from the current Baía station on the Luanda Railroad to the new international airport (a total of 15 km) for US$162.4 million plus US$255 million for five stations.

Finally, the programme for construction and other work on road accesses to the new airport is assessed at US$692.7 million, likewise involving Chinese companies. (Macauhub)