Local operator to invest US$40 million in multipurpose terminal at Luanda

Angolan terminal operator and cargo company Transportadora de Cargas, Operadora de Terminais e Transitário (Unicargas) plans to invest US$40 million this year to refurbish the facilities of the multipurpose terminal at the port of Luanda, said the company’s chairman.

Celso Rosa told the Angop news agency that the investment will allow for the acquisition of equipment for the operation of that port area and will cover the dock of the cargo terminal of the Angolan capital’s port.

The chairman of Unicargas said that the project to be carried out this year had already begun with the preparation of a feasibility study and research into partnerships and possible sources of financing.

Another investment the company plans to make will be in the cargo terminal of the Catumbela International Airport in Benguela, so that the National Civil Aviation Institute (Inavic) can license the facility so that the airport can carry out all kinds of operations.

This year Unicargas also plans to add to its current fleet of 230 trucks, 117 of which are operational, with the acquisition of a further 100 vehicles, ahead of opening three new branches in the provinces of Zaire (Soyo), Malanje and Cunene.

Unicargas was founded 30 years ago, and has 733 employees across the provinces of Luanda, Benguela, Cabinda and Moxico, and at the end of August 2018 it had an accumulated debt of 9 billion kwanzas (US$29 million).

Source: Macauhub