AGL Ports and Terminals and Lobito Port signed the concession contract for the multipurpose terminal (including containers) at the Port of Lobito, Angola. Olivier De Noray, Managing Director of AGL Ports and Terminals, and Celso Rosas, Chairman of Port of Lobito, signed the agreement today, Tuesday, December 12, 2023

The signing was witnessed by Joao Fenandes, Chairman of the Commission, Pedro Maza, Legal Manager of the Angolan Ministry Transport and Lidia Amaro, Vice Governor of Benguela Province. This signing follows on the international call for tenders that led, last October, to the decision to award the Port of Lobito terminals to AGL (Africa Global Logistics).

As part of this partnership, AGL will invest nearly €100 million to turn the Port of Lobito into a modern, efficient and competitive port platform, capable of meeting the expectations of national and international customers and contributing to the growth and diversification of the Angolan economy.

With the support of the worlds leading shipowner, MSC, AGLs industrial project will improve the connectivity of the Lobito port platform. It will boost trade in the region and support industrialisation efforts. The Port of Lobito will thus be involved in the development of agricultural projects, construction sites and tertiary service companies said OIivier De Noray, Managing Director of AGL Ports and Terminals.

With a 14m deep quay and direct access to the sea, the port of Lobito will allow Angola to accommodate large capacity vessels. AGL will manage the multipurpose terminal, including the container activity, which has 1,200 m of quay, a storage area with a capacity of 12,000 twenty-foot equivalent units (TEUs) and handling equipment.

As Angolas second-largest port, the Port of Lobito aims to improve the living environment of 35 million Angolans and of the populations of neighbouring countries. The Port of Lobito is ideally positioned to play a strategic role in the global energy transition, being the first Atlantic gateway to the Copperbelt region. This port infrastructure will contribute to the transport of strategic minerals (copper, cobalt) to international markets. To this end, it will benefit from the rail line rehabilitation and construction projects currently underway to link the DRC and Zambia with Angola.

As part of this new concession, which will come into service at the end of the 1^stquarter of 2024, AGL will take over the staff of the Empresa Portuária do Lobito EP port authority. The company will implement an extensive plan to develop the employees skills as well as the ecosystem of local subcontractors, to enable the Port of Lobito to offer services compliant with international standards.