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Project Name: Lobito Port Project -Angola

Host Country: Republic？of？Angola

Project Duration: June 2008- October 2013

Project specification：

In 2002, Angola ended its 27-year civil war and turned to economic construction. In 2004, China signed the first batch of cooperation agreements with the Angolan government to help Angola carry out infrastructure construction. In 2008, the CHEC won the bid for the Port Lobito project -Angola, consisting of a 414 m long container terminal and a 310 m long ore terminal, with a total contract amount worth 1.347 billion US dollars. The project overcame various difficulties due to the 2008 international financial crisis and was finally completed and put into operation in 2013, greatly promoting the economic recovery and development of Angola.

Characteristics and Significance of the Project：

Port Lobito, located in the mid-west coast of Angola and close to the southeast of the Atlantic Ocean, is one of the main ports in the south of Angola and a transit port for some materials from DR Congo former Zaire and Zambia, and material distribution center in southern Angola, for small and medium-sized industries such as food, cement, and sacks.

Due to war damage and long-term disrepair, all berths of Port Lobito have reached or even exceeded their service life, and the terminal equipments were damaged seriously. There is no large lifting equipment in the old Lobito Port, and the operation mainly depends on the “lifting equipments” on ships. Only one container can be loaded and unloaded every 20 minutes. Therefore, the expansion and restoration of the Lobito Port have become another key point for Angola's economic recovery and development.

The hinterland of the Lobito Port, landlocked countries such as Congo and Zambia, has become an important hub and cargo distribution center in southern Africa after its expansion, ie the ores from the landlocked countries are transported through the Lobito Port. The completion of the project has greatly improved the operating capacity of the Lobito Port. The port machine produced by Shanghai Zhenhua Company can load and unload five containers per minute, upgrading the throughput capacity of the Port to reach 70000 TEUs. , This is of great significance to the promotion of local economic development. Santos George, director of the Operation Department of Lobito Port Authority, said: "the port authority and the people of Lobito are very satisfied with the work of the CHEC and the Chinese people."