Angola: Carrinho Business Group Signs Agreement With Railway Company, Lobito Port

Lobito — The Carrinho Business Group signed last Friday an agreement with the Port of Lobito and the Benguela Railway Company (CFB), in this city, aimed at utilising the CFB for efficient cargo transportation.

According to the Carrinho Group's executive director for finance, Samuel Candundo, the company intends to transport about two million tonnes of different cargoes per year when its factories start working in full capacity.

Referring to investments related to the movement of cargo, the manager said that in the first week of November construction began on an extension that will link Carrinho's industrial plant in Benguela to the railway line to facilitate the transport of goods from the port to the group's factories and vice versa.

"This connection will have a length of 750 metres and will be completed in 90 days," said the source.

Also in the context of investments, Samuel Candundo announced that it is planned the purchase of 100 wagons to strengthen the batch of equipment to be used in the transportation of goods.

To the C.E.O of the Port of Lobito, Agostinho Felizardo, this is an opportunity to re-establish the regularity of cargo movement and consequently the revenue collection for the company.

On the other hand, CFB's Chairman, Luís Teixeira, also expressed his satisfaction as this will increase the options in the cargo movement, since it is intended to reach Luau, in the eastern Moxico Province, where the CFB line ends. With a total of 17 miscellaneous factories, the Carrinho Group has so far about 1,000 employees and expects to reach 2,500 employees when it reaches its fullness during operations.

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