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Speaking to the Angolan news agency Angop, the chairman of the Lobito Commercial Port, António Samuel, said in the first phase of the project US$24 million were spent with a similar amount to be spent for the second phase.
The second phase, which began June 2017 is to end August 2019 and consists of recovery of 240 metres of dock and the paving of the port container yard, with the cost financed by a donation of US$20 million from the Japan International Cooperation Agency (JICA).
This work was awarded to Japan’s TOA Corporation, and the respective contract was signed during a visit to Tokyo by a delegation led by the managing director of the Maritime Port Institute of Angola (IMPA), Victor de Carvalho.
In February 2017 JICA and IMPA signed a financing agreement for the second phase of this project, which was part of the Angola recovery, expansion and modernisation programme adopted a year earlier, on 15 January, 2016, by the governments of Angola and Japan.
The agreement between the two governments covers the full refurbishment of the 480-metre dock at the port of Namibe, with the first phase completed in 2011 and focused on an extension of 240 metres in operation under Angolan company Sogester.
The port of Namibe built in 1957 to serve four southern provinces, is located in the city of Moçâmedes.
Source: Macauhub