Angola invests in Port of Lobito
According to the Chairman of the Lobito port company, Anapaz de Jesus Neto, the government of Angola has invested $1,2 billion in the modernisation and expansion of the port.
Through the expansion, the port’s annual capacity will enhance to 11 million tonnes. The investments also cover the extension of the port’s quay that will enable the docking of 12 vessels simultaneously. Currently, Lobito Port can only handle eight ships at one time.
Mr Anapaz Jesus Neto also 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. In addition, the funds have also been used to construct a dry dock facility for the handling of Lobito’s containerised trade and other port services.