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AD Ports Group has signed several agreements with Unicargas and Multiparques leading to securing a 20-year concession agreement (extendable for another 10 years) with the Luanda Port Authority for the operation and upgrade of the existing Luanda multipurpose port terminal in Angola.
The agreements with Unicargas and Multiparques, well-known logistics and transport companies in the country, saw the Group acquire an 81% stake in a joint venture that will operate the terminal, and a 90% stake in another joint venture that will serve the facility and the broader Angolan logistics market.
AD Ports Group has committed USD 251 million towards the modernization of the terminal and development of the logistics business over the next three years (2024-2026), with this investment potentially increasing to USD 379 million over the concession term and in line with market demand.
Under the terms of the terminal concession agreement, the joint venture will significantly upgrade the existing multipurpose facility to a container and Ro-Ro terminal, encompassing an enlarged concession area (178,000 sqm to 192,000 sqm); an upgraded quay wall; additional ship-to-shore cranes, gantry cranes and other state-of-the-art equipment; expanded draft (dredging from 9.5 meters to 16 meters); and, modernized IT systems.
Redevelopment of the terminal is expected to be completed in Q3 2026, ultimately boosting its container handling volumes from 25,000 TEUs to 350,000 TEUs, and Ro-Ro volumes to over 40,000 vehicles.
During the 3-year redevelopment, the terminal’s container volumes will be handled at a nearby berth, while excess volumes will be moved to Multiparques’ Viana inland container depot (ICD), thereby minimizing any impact to customers.