Port of Luanda to build container terminal operated by Maersk, APM

The management of the Port of Luanda, in Angola's capital, is studying the building of a new container terminal, reported Macauhub, the official Macau Government news site.

Silvio Barros Vinhas, chairman of the board of the Port of Luanda, said that a contract has been awarded to Sogester to operate the new terminal, which among other new port facilities would be needed to meet rising freight traffic.

The company has been awarded a port operating concession for 20 years and Sogester aims to invest US$53 million over five years.

Sogester CEO Felix Matias Neto said these investments would involve extending the dock, acquiring cargo handing equipment and personnel training.

Sogester's chief shareholder is an Angolan state company that manages pension funds, Gestao de Fundos, with a 49 per cent stake, APM Terminals (40 per cent) and Maersk (11 per cent).