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

Siwertell road-mobile capabilities added to Ashdod’s sulfur-handling operations

Bruks Siwertell has secured a further Siwertell ship unloader order from Israel’s Ashdod Port Compan... Read more

SANY Boosting Business in Europe for Container Handling Equipment

SANY Europe have had a very busy 1st half of 2019. Several orders have been secured and machines hav... Read more

SOHAR Port Anticipates Potential Business Opportunities

Muscat, July 2019: With several developmental plans underway, including future projects, SOHAR Port ... Read more

BEST - The coolest terminal in the Med

Hutchison Ports BEST terminal in the Port of Barcelona has recently increased its storage and connec... Read more

SFT participates in extensive Tema Port expansion in Ghana

Meridian Port Services (MPS) invested USD 1.5bn to expand the infrastructure of Tema Port in Ghana, ... Read more

LASE opens first office in Australia

LASE announces local presence in Perth, Australia in order to support the growing base of Australian... Read more

View all