Dubai - Mubasher: DP World has been chosen as a preferred bidder to operate and manage the Multipurpose Terminal (MPT) at the Port of Luanda in Angola, according to the Emirates News Agency (WAM).
DP World plans to invest $190 million during the 20-year period of the concession to improve the existing infrastructure and acquire new equipment to enhance the efficiency of the MPT.
The group aims to raise the annual throughput of the MPT, which manages containers and general cargo, to around 700,000 TEUs per year.
With a quay of 610 metres and a depth of 12.5 metres, the MPT is the first seaport terminal located on the western coast of Southern Africa to be operated and managed by DP World.
The Group Chairman and CEO of DP World, Sultan Ahmed bin Sulayem, said: "Angola's location on the Atlantic Ocean in Southern Africa means it has the opportunity to benefit from flows of trade into the surrounding region."
