Lobito Port Expansion (Phase 1)

port

Cost

$1.2b
$1,200,000,000

operational

2014

Objective

The connection between sea transport in the port city of Lobito and the Benguela Railroad that runs to the border (Moxico province), is part of Angola’s strategy to attract exports from the Angolan interior as well as from other countries in the sub-region, such as Zambia and the Democratic Republic of Congo.

Description

Construction of a dry dock, container terminal and ore terminal at the port of Lobito. The container terminal is 414 metres long, the ore terminal has a 310-metre jetty and the dry dock is directly connected by road and rail to the port of Lobito and the Benguela Railroad, providing an area of 90,000 square meters

Finance

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$1.2b loan
Exim Bank of China
Development bank
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