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ABU Dhabi-based ports and logistics giant AD Ports Group has secured a 20-year concession agreement for Angola's Luanda multipurpose port terminal.
The agreement, extendable for another 10 years, will see AD Ports invest US$251 million towards modernizing the terminal and developing the logistics business over the next three years, potentially increasing to $379 million over the concession term, reports Singapore's Splash 247.
The Group has also sealed deals with local logistics and transport companies Unicargas and Multiparques to acquire an 81 per cent stake in a joint venture that will operate the terminal and a 90 per cent stake in another joint venture that will serve the facility and the broader Angolan logistics market.
Under the concession agreement, the existing multipurpose facility will be upgraded to a container and roro terminal. Redevelopment is expected to be completed in the third quarter of 2026, ultimately boosting container handling volumes from 25,000 TEU to 350,000 TEU, and roro volumes to over 40,000 vehicles.
Furthermore, the Group's other joint venture with Unicargas will provide integrated logistics and freight forwarding services for local, regional and international clients. It will be operated by AD Ports' Noatum Logistics, which will manage the movement of containers to Multiparques Viana inland container depot and offer short- and long-haul transport within Angola and to the neighbouring countries.
AD Ports said it is also exploring opportunities to support Angola's offshore industry and other maritime sectors, by deploying work accommodation vessels, passenger ferries, platform supply vessels, and other assets.
Angola's container volumes are projected to rise at an average annual rate of 3.3 per cent over the next decade. The port of Luanda handles more than 76 per cent of the country's container and general cargo volumes and serves as one of the main transshipment hubs for Central-West Africa, enabling trade access to land-locked countries, including the Democratic Republic of Congo and Zambia.
https://shippingazette.com/news?news_id=9240400001130
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