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Cabinda targets 70% throughput growth by 2010
21 May 2008
The Angolan Port of Cabinda is to use a $100m port expansion plan as a springboard to boost exports to neighbouring countries.
Predicting annual growth figures of between 50% and 70% from 2008-2010, the expansion plan will produce a nine-metre-deep manoeuvring basin for ships with a loading capacity of over 1,000 tonnes, and an 80 metres access channel, allowing for the simultaneous passage of two ships.
This year, as part of the central government's Public Investment Programme for Cabinda, 2007-2008, the port was granted $100m to finance the costs of its expansion. Work on the port is to be completed in Q4 2008.
The Port of Cabinda started its expansion and development over three years ago with an initial internal restructuring. In 2005, it launched a four-year strategy to modernise existing infrastructure and develop new capacity with the aim of boosting its regional importance.
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