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

SOHAR Port and Freezone Launches SOHAR Navigate

The innovative online route planner contains deep-sea and short-sea schedules connecting to 550 port... Read more

Solvo.TOS a Key Ingredient in Angola’s Plans to Grow Its Economy

Solvo.TOS has been chosen by Sogester S.A. (APMT and GF Sociedade Gestore de Terminais, SA) to moder... Read more

SANY Port Machinery launches the new efficient Reach Stacker H9 in Europe

Sany well understood the customers’ need to improve cost. In 2018 SANY introduced the new Reach Stac... Read more

KHALIFA PORT CONTAINER TERMINAL STAYS WITH BROMMA

Bromma has been selected to deliver the spreaders for the automatic stacking cranes to be commission... Read more

Kalmar's automated and manual straddle carriers selected by Patrick Terminals for fleet renewal programme

Kalmar's automated and manual straddle carriers selected by Patrick Terminals for fleet renewal prog... Read more

NEW HYSTER ® TOP LIFT CONTAINER HANDLERS

Hyster Europe has launched a new top lift Laden Container Handler that is expected to increase produ... Read more

View all