Port of Caio to increase Angola trade by 30%

Port of Caio China Road and Bridge Company (CRBC) has been contracted to build the facilities at Port of Caio

Port of Caio will begin operating in 2019 and is expected to increase Angola’s trade by at least 30%.

A public-private partnership (PPP) led project, the port is expected to boost cargo handling capacity to make exports easier and more cost-effective and create around 1,600 direct operational jobs.

Jean-Claude Bastos de Morais, major shareholder in Port of Caio, commented: “Africa’s significant infrastructure needs can be addressed by embracing the PPP model, which will help attract more private investment in sectors such as ports, roads and highways.”

Logistics capabilities

The port is one year ahead of schedule and is being supported by the Government of Angola, Ministry of Transport, Provincial Government and China’s Export-Import Bank.

China Road and Bridge Corporation (CRBC) has been contracted to build the port facilities and have hired local labour to construct and build the port.

Scheduled to open in the first quarter of 2019, the port represents a transformational shift in the country’s transport and logistics capabilities.

Trade gateway

Once completed, Port of Caio is anticipated to be a major trade gateway between Angola and the rest of Africa and globally.

The port project was launched in 2007. After a five-year investment period, management company Caioporto SA was given the go-ahead to proceed with the design, financing, construction, operation and maintenance of the port.

LATEST PRESS RELEASES

Successful participation and presentation at exhibition in Beira, Mozambique

The exhibition series ‘Intermodal Africa’ organized by Transport Events is always a good possibility... Read more

Involvement in Port of Esbjergs new East Port area

The German based Headquarters of ShibataFenderTeam recently completed an order for the Port of Esbje... Read more

Aquaplot joins Technology Transfer Programme of European Space Agency

Start-up for ocean route planning enters ESA’s Business Incubation Centre (BIC) Read more

AMRO Increases Scope To Cover The GCC Region

AMRO, a specialist marine equipment and services provider, is proud to announce that they will now c... Read more

SAFE AND SECURE

Ninth Consecutive “Excellent” Coast Guard Security Assessment Awarded to Port of Baltimore Read more

Being part of the most important infrastructure project in Costa Rica

In 2017, the US office of ShibataFenderTeam delivered 55 nos. CSS 1450 Cell Fender Systems (G2.0), 8... Read more

View all