Angola invests more than US$1 billion to expand second port of Lobito

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ANGOLA's second port of Lobit has been spending US$1.2 billion in state funds to increase its handling capacity to 11 million tonnes, it was announced by the port company Empresa Portuaria Do Lobito.

The funds have been used to build a dry dock for the handling of Lobito's containerships . Last year, the port 500 kilometres south of the capital Luanda, handled 88,000 TEU and 2.7 million tonnes of cargo.

The Government of Angola has invested the sum in the modernisation and expansion of the Commercial Port of Lobito, according to company chairman Anapaz de Jesus Neto.

Speaking at a ceremony to commemorate the company's 84th anniversary, Mr Neto said that the funds have been used to build a new import and export terminal in Lobito Bay for mining products, which is now nearing completion, reports the UK's Port Technology International.

The investment also covers the extension of the quay to enable the docking of 12 vessels simultaneously. Currently, Lobito can only handle eight ships at a time.

Angola's three main ports accessible by rail are Luanda, Lobito and Namibe

Source Shipping Gazette - Daily Shipping News
 

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