DP World signs 20-year concession agreement with Angola

Monday, 25 January 2021 20:27

DP World has signed a 20-year concession agreement with the Government of Angola to operate the Multipurpose Terminal (MPT) at the Port of Luanda.

The pact was signed in Luanda by António Bengue, Chairman of Porto de Luanda and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World.

The signing of the agreement follows an international tender process in which DP World was selected by an evaluation committee set up by the Angolan Ministry of Transport as the preferred bidder to enter into discussions with the Government for the concession.

The MPT will be the first seaport terminal located on the western coast of Southern Africa to be operated and managed by DP World, and will further extend the company’s footprint in Africa.

Under the agreement, DP World will invest US$190 million over the 20-year period of the concession, with plans to rehabilitate the existing infrastructure and acquire new equipment to bring operations in line with global standards and improve the efficiency of the MPT, as part of the broader aim of increasing the terminal’s annual throughput to approximately 700,000 TEUs per year.

This will be supported by a modern port management system, as well as further training and development of Angolan staff employed at the terminal.

.@DP_World signs a 20-year concession agreement with the Government of Angola to operate the Multipurpose Terminal (MPT) at the Port of Luanda https://t.co/mDGkEfN8Nv pic.twitter.com/qdKEeMFXu9
— Dubai Media Office (@DXBMediaOffice) January 25, 2021

The largest port in the country, the Port of Luanda is located in a natural bay. Its regional location, which makes it a mandatory stop on the sea routes along the west of the African continent, gives it the opportunity to benefit from trade flows into the surrounding region.

The terminal will be developed into the largest such facility in Angola. The MPT at the port handles both containers and general cargo, and has a pier of 610 meters, a depth of 12.5 metres and a yard of 23 hectares.