China´s CITIC Makes Offer for Port of Lobito, Angola

 

China´s CITIC Construction is one of only two companies whose offers for the concession of the Port of Lobito, Angola, were admitted.

According to the Angolan Ministry of Transport, also admitted was the offer made by International Container Terminal Services, Inc (ICTSI), but “on a conditional basis, as it will have to present the declaration of acceptance of the specifications within five days”.

Bolloré Logistics also made an offer, but it was rejected for not providing for the payment of the minimum amount of the concession fee of 80 million dollars under the terms of the tender specifications.

Dubai’s DP World Wins Port of Luanda Concession

The concession is for a period of 20 years, according to a statement from the Angolan ministry.

Another 4 companies evaluated the international tender for the concession of the management and operation of the Multipurpose Container and Cargo Terminal at the Commercial Port of Lobito, but did not make an offer: Dubai Port World, Yilport, Qterminal and Abu Dhabi Ports.

An evaluation committee, according to the statement, will rate the proposals admitted to the competition, and the winner is expected be announced before the end of 2021.

Angola Aiming to Bring in Chinese Investment for Trans-Continental Transport Project

The container and general cargo terminal at the port of Lobito has a total area of ​​241,540.94 square meters, a berth of 1,199 linear meters and the capacity to handle more than 600 thousand tons of non-containerized cargo and 250 thousand TEU (unit equivalent to 20 feet) per year.

A subsidiary of CITIC Group, CITIC Construction has set up branches in Algeria, Angola, Venezuela, Brazil, Argentina, Uzbekistan, Kazakhstan, Belarus, South Africa, Kenya, Russia, Myanmar and a number of other overseas markets.

 

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