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AFRICA Global Logistics (AGL), part of Mediterranean Shipping Co (MSC), has secured rights for the Lobito port container and conventional terminals in Angola following an international call for tenders launched in January.
As part of the new concession, which will be effective in the first quarter of 2024, AGL will take over the staff of the Empresa Portuaria do Lobito EP port authority, reports Singapore's Splash 247.
AGL said the project, estimated at EUR100 million (US$105 million) will improve connectivity and boost trade in the region, with the port being involved in the development of agricultural projects, construction sites and tertiary service companies.
As Angola's second-largest port, Lobito is positioned to play a strategic role in the global energy transition, being the first Atlantic gateway to the Copperbelt region and contributing to the transport of copper and cobalt to international markets.
With a quay depth of 14 metres and direct access to the sea, the port of Lobito allows Angola to accommodate large-capacity vessels. AGL will manage the container and multipurpose terminals with 1,200 metres of quay, a storage area with a capacity of 12,000 TEU and handling equipment.
AGL was born earlier this year from Bollore Africa Logistics, which MSC bought for US$6.3 billion. It has a network of 250 logistics and maritime agencies, 22 port and rail concessions, 66 dry ports and 2 river terminals.
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