[2019-02-21] Port of Namibe in Angola refurbished using Japanese funding

Source: Macauhub

The Toyota Tsusho Corporation and Japanese company “TOA Corporation will build the new container terminal at the Commercial Port of Namibe and refurbish the Saco-mar Mining Port in the Angolan province of Namibe,” the project’s manager announced.

The project, funded by the Japanese International Credit Agency for US$600 million, will last for three years and will provide jobs for 500 people.

After work is finished the mining port may export iron ore from Cassinga in the province of Huíla.

The container terminal is considered to be a strategic port for the development of the southern region of Angola (Namíbe, Huíla, Cunene and Kwando Kubango), where projects related to agriculture, agro-industry, mining, wood, oil and tourism will be developed .

The port will also be a gateway for countries in the interior such as Zambia, Botswana and part of Namibia.

Japan’s TOA Corporation was responsible for the first phase of the rehabilitation works at the Port of Namibe in 2009 and 2010 and is currently responsible for the implementation of the second phase of the port, which ends in June of this year, a project also funded by the Japanese government.