{"id":91278,"date":"2024-04-24T00:00:00","date_gmt":"2024-04-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/ad-ports-inks-20-year-concession-to-manage-and-upgrade-angolas-luanda-port-terminal\/"},"modified":"2024-04-24T00:00:00","modified_gmt":"2024-04-24T00:00:00","slug":"ad-ports-inks-20-year-concession-to-manage-and-upgrade-angolas-luanda-port-terminal","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/ad-ports-inks-20-year-concession-to-manage-and-upgrade-angolas-luanda-port-terminal\/","title":{"rendered":"AD Ports inks 20-year concession to manage and upgrade Angola\u2019s Luanda Port terminal"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> AD Ports expands in Angola: <\/strong>Abu Dhabi-based port operator AD Ports has secured a 20-year concession with Angola\u2019s Luanda Port Authority to operate and upgrade the Luanda multipurpose port terminal, according to a <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2024\/04\/23\/ad-ports-group-agreement-to-operate-and-upgrade-the-multipurpose-port-terminal-in-angola\" style=\"\" rel=\"noopener\">press release<\/a>&nbsp;yesterday. AD Ports\u2019 concession at the terminal is extendable for a further 10-year period, the statement also said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AD Ports also set up joint ventures with two Angola-based logistics and transport players<\/strong> to operate the terminal and serve the facility. The breakdown:<\/p>\n<ul>\n<li><strong>The company acquired an 81% stake in a JV with Multiparque<\/strong> to operate the terminal, with plans to use Multiparque\u2019s Viana inland container depot for container handling during the period of redevelopment;<\/li>\n<li><strong>It also bought a 90% stake in a JV with Unicargas to provide logistics and freight forwarding services<\/strong> in Angola, with AD Ports subsidiary Noatum Logistics taking control of Unicargas\u2019 fleet of trucks and logistics sites, while investing in new machinery and equipment. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The investment ticket:<\/strong> AD Ports will shell out USD 251 mn to modernize the terminal and develop logistics operations between 2025 and 2026, with investments potentially ramping up to USD 379 mn over the concession\u2019s lifetime, depending on demand, the statement added. The redevelopment is set to be complete by 3Q 2026, with container handling volumes expected to rise to 350k TEUs, up from 25k TEUs currently, according to the statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the Port of Luanda:<\/strong> The port handles over 76% of Angola\u2019s container and general cargo volumes, and serves as one of Central-West Africa\u2019s key transhipment hubs by enabling land-locked countries, including the DRC and Zambia, to access maritime trade. Angola\u2019s container volumes are projected to see a 3.3% yearly growth over the next 10 years, the statement also said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AD Ports could invest up to USD 379 mn over the concession\u2019s lifespan to develop the terminal<\/p>\n","protected":false},"author":1,"featured_media":91279,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1557],"tags":[796,7,25,1397],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-ad-ports-group","tag-enterpriseam-uae","tag-investment-watch","tag-uae","wpautop","entry"],"acf":{"mongo_id":"de53bc06-10e7-4b48-b0aa-deade820d8c5","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/1745.jpg","photo_position":"above","homepage_title":"","full_issue_title":"AD Ports inks 20-year concession to manage and upgrade Angola\u2019s Luanda Port terminal","related_issue":[91265],"teaser":"AD Ports could invest up to USD 379 mn over the concession\u2019s lifespan to develop the terminal","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.24b72dc1-dbf4-452a-b3e8-98c2590d88cf.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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