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Construction works to resume at Caio Deep Water Port in Angola

Thursday, 30 Jan 2020
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Construction work is set to resume at Caio Deep Water Port in Angola after two years of non-activity due to a USD 124 million debt owed to the contracting companies.

The debt was recently cleared by the Maritime and Port Institute of Angola (IMPA) to the companies Caio Porto and China Road and Bridge Company (CRBC), paving the way for resumption of the USD 800 million project.

The project was 45 percent complete with construction of more than 400 mtr of the expected 775 mtr of quays Once fully operational, the port will boost cargo-handling capacity thereby making exports much easier and more cost-effective.

The deep-water port projection is to increase trade with at least 30 percent and create around 1,600 direct jobs for the operation. The CRBC is responsible for construction of the facilities. Even so, the project has created thousands of jobs for ordinary Angolans. This is a public-private partnership (PPP) and the first of its kind in Angola.

 
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