15 February 2013

Angola: Government Invests 120 Million Kwanzas in Lobito Port

Lobito — The Angolan Executive is investing 120 million kwanzas in the programme of rehabilitating, expanding and modernising the Lobito Port, in the central Benguela Province.

This was announced last Thursday in Lobito (Benguela Province) by the Transport minister Augusto da Silva Tomás, at the opening of the meeting of Transport ministers of the countries that are part of the Lobito Corridor Development (Angola, DRC and Zambia).

"This investment will give the Lobito Port major competitiveness, capacity, security and turn it into a more active agent in the internationalisation of Angolan firms and economy", Augusto Tomás explained.

He reminded that the Lobito Port and the Benguela Railway line (CFB) are two firms that complement each other and induce development of this region.

The meeting, which ends this Friday after a visit to Lobito Port, Benguela Railway and the International airport of Catumbela.

The event happened under the motto "Unity, integrity and economic development", and representatives of the African Union, Southern African Development Community (SADC) and regional associations.

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