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Revamp of Namibe and Sacomar Ports in Angola to start in 2022

Thursday, 25 Nov 2021
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The modernisation works of Namibe and Sacomar Ports in Angola, on the border with Namibia, are expected to start in January 2022.

The Namibe and Sacomar Ports in Angola modernisation project, which is part of the Angolan ports rehabilitation, extension and modernisation program adopted back in January 2016, will see the extension of the container terminal and the acquisition of facilities for refrigerated containers for the Namibe Port, and the rehabilitation of the iron ore export terminal for the Sacomar Port.

The works will be carried out by Toyota Tsusho Corporation, the trading arm of the Toyota Group, and TOA Corporation, a Japanese electronics company, specialising in public address systems, intercom systems, microphones, array speakers, and megaphones, within a period of 30 months.

The modernisation of Namibe and Sacomar Ports in Angola, the cost of which is estimated at USD 600 million, is 85 percent financed by Japan through the Japan Bank for International Cooperation (JBIC). The remaining funds will be provided by a South African financial institution whose identity has not yet been disclosed.

Upon completion, the project is expected to increase iron export volumes tenfold, as the Southern Africa country plans to reopen the Kassinga mine.

It will also reduce dependence on Namibia for imports into the region while creating a gateway for imports and exports to and from the landlocked countries near Angola.

 
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