DP World has secured a 10-year extension of its concession to operate the Multipurpose Terminal at the Port of Luanda in Angola, extending the agreement until 2051.
The global port operator will also invest an additional US$90 million in the terminal over the next two years as part of a major expansion programme aimed at increasing container handling capacity.
The investment will increase the terminal’s design capacity to approximately 1.2 million TEU annually.
Luanda terminal set for major capacity expansion
Under the expansion programme, DP World will extend the terminal’s quay by 222 metres and add approximately 10 hectares of operational space.
The company will also deploy three additional ship-to-shore (STS) cranes and 12 semi-automated rubber-tyred gantry (RTG) cranes.
Once the expansion is completed, the terminal will be able to handle two Post-Panamax vessels simultaneously.
DP World said the additional infrastructure will support growing trade volumes and improve the terminal’s ability to accommodate larger vessels.
The latest investment builds on more than US$260 million already invested by DP World in Angola since it began operating the Luanda Multipurpose Terminal in 2021.
Container volumes nearly double
Container throughput at the terminal has increased significantly since DP World took over operations.
Annual volumes have risen from approximately 177,000 TEU in 2021 to more than 350,000 TEU, according to the port operator.
DP World originally signed a 20-year concession agreement for the terminal in January 2021.
The initial agreement included plans to invest around US$190 million in infrastructure, equipment and technology, with an initial target of increasing annual container handling capacity to approximately 700,000 TEU.
The latest expansion will therefore take the terminal’s planned capacity considerably beyond the level envisaged when the original concession was signed.
DP World said the extended concession and additional investment will support Angola’s growing role as a regional trade gateway and strengthen connectivity between the country and international markets.
