The Government of Angola has launched an international public tender for concession and operations of the Port of Luanda Multipurpose Terminal.
The main objective of the project will be to promote the development and improvement of port efficiency through the involvement of private operators with proven experience in the sector.
The deadline for submission of bids is 30 March 2020 according to the Contest Program. The invitation to tender was released on 16 December 2019 by the Angolan Ministry of Transport.
Companies interested in the competition must meet various requirements including realized equity of no less than $25 million equivalent and an average annual turnover of no less than $100 million over the past three years.
A statement also stated that competitor companies shall have, directly or through subsidiaries, a participation of not less than 25% in at least three port terminal concession operations in the last three years. In addition, in at least one of these operations have a participation of not less than 50%, with an average annual amount of movement during the last three years not less than 250,000 TEUs.
The Port of Luanda Multipurpose Terminal is a port infrastructure dedicated to the simultaneous operation of general cargo and containers. It has a pier of 610m, a depth of 12.5m and has an area of 181,070 square meters with capacity for move 2.6 million tons per year.
Angola is currently the 7th largest African economy and the 5th in sub-Saharan Africa. Rich in natural resources (oil and minerals), Angola has significant development potential in terms of agriculture, manufacturing and tourism.
With a per capita GDP that is twice the average for sub-Saharan Africa, and a population of about 30 million, the Angolan Government has been taking steps to reduce inflation, promote fiscal balance, develop exports and replace imports, as well as stimulating private investment and a gradual stabilization of the exchange rate.