DP World Commences Operations at Luanda Terminal in Angola

DP World Commences Operations at Luanda Terminal in Angola

Dubai-based global marine terminal operator DP World said it has begun operation of the multipurpose terminal (MPT) at the Port of Luanda in Angola. The MPT was handed over to DP World Luanda by Porto de Luanda, following the 20-year concession agreement signed in January by António Bengue, Chairman of Porto de Luanda and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World. DP World said its Luanda unit will be investing $190 million to improve the terminal's facilities and in turn help Angola achieve its ambitions for economic growth and turn it into a trade hub along the western coast of Southern Africa. The terminal is the eighth port facility currently managed and operated by DP World in its Africa and Middle East region. Improvements at the terminal are already underway, with the procurement of new equipment, including 30 trucks, six reach stackers, four empty container handlers and four forklifts. New staff facilities will also soon be built and new Rubber Tyred Gantry cranes (RTGs) will be incorporated to the terminal's fleet, which will be the first of its kind to be introduced in Angola. RTGs improve efficiency, are environmentally friendlier and allows for better utilization of